Study says money only makes you happy if it makes you richer than your neighbours

Tuesday, March 23, 2010 - 08:07 in Psychology & Sociology

A study by researchers at the University of Warwick and Cardiff University has found that money only makes people happier if it improves their social rank. The researchers found that simply being highly paid wasn't enough - to be happy, people must perceive themselves as being more highly paid than their friends and work colleagues...

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