We’ve always been a bit skeptical when it comes to these psychology- economics studies, and not just because they seem like a lot of work to prove things we already know. But, you know, mostly because of that. Take this new study that shows that people with high incomes tend to be busy, a bit stressed and aren’t really that much happier than their poorer brethren. Shocking!
"The belief that high income is associated with good mood is widespread but mostly illusory," the researchers wrote. "People with above-average income are relatively satisfied with their lives but are barely happier than others in moment-to-moment experience, tend to be more tense, and do not spend more time in particularly enjoyable activities."
Link between income and happiness is mainly an illusion [Princeton University]