18 July 2011

What's happiness? Earning more than your friends!

http://www.rediff.com/business/slide-show/slide-show-1-happiness-is-earning-more-than-your-friends/20101215.htm






Money can buy you happiness, only if you earn more of it than your friends, scientists say.
A study of life satisfaction in dozens of countries found that contrary to popular perception, economic growth doesn't bring with it a corresponding long-term rise in happiness.
While people may feel more positive in the short-term, the shine quickly wears off, found the study by researchers from University of Southern California.
However, they found that the rich are happier than the poor within an individual country, the Daily Mail reported.
This implies that what matters is earning more than others, not the actual amount earned, said Richard Easterlin, who led the study.
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