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Posted: 6:06 PM Sep 7, 2010
Report: Money can buy you happines, to a point
A new report says money can buy happiness, at least up to a point.
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WASHINGTON (AP) - A new report says money can buy happiness, at
least up to a point.
Researchers report that people's emotional well-being increases along with their income up to about $75,000. Princeton economist Angus Deaton says for those making less than that: "Stuff is so in your face it's hard to be happy. It interferes with your enjoyment."
But the researchers also found that while earning substantially more than $75,000 can create a sense of achievement, that does not necessarily equate to day-to-day happiness.
The team reviewed surveys of 450,000 Americans conducted in 2008
and 2009 for the Gallup-Healthways Well-Being Index that included questions on people's day-to-day happiness and their overall life satisfaction. Other findings include that people are happier on weekends, but their deeper sense of well-being doesn't change.
The report in published in Tuesday's edition of Proceedings of the National Academy of Sciences.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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