Here’s why money can’t buy happiness
There has been much discussion throughout the years on whether or not money actually leads to happiness.
According to scientists, the debate has now been resolved, which is fantastic news as long as your bank account doesn’t blow up.
Three-quarters of the nearly 3,000 local and Indigenous community members surveyed globally in a recent study lacked a source of income.
Despite having very little money, several of these people reported great levels of life satisfaction based on the questionnaires.
“The strong correlation frequently observed between income and life satisfaction is not universal and proves that wealth – as generated by industrialised economies – is not fundamentally required for humans to lead happy lives,” said Victoria Reyes-Garcia, the study’s senior author.
Historically, economic growth has been viewed as a reliable way to raise the standard of living for those living in low-income countries.
This strategy has actually been supported by recent international polls, which show that people in wealthy countries generally report higher levels of life satisfaction than people in low-income countries.
As per Daily Mail, the researchers sought to challenge the generalizability of this correlation in their most recent study.
2,966 local community members and Indigenous people worldwide were surveyed by the researchers to find out about their income and level of life satisfaction.
On a scale of 0 to 10, the average life satisfaction score was 6.8, per the data.
I am a dedicated student currently in my seventh semester, pursuing a degree in International Relations. Alongside my academic pursuits, I am actively engaged in the professional field as a content writer at the Rangeinn website.
