Contributed by: filbert Monday, August 15 2005 @ 06:50 AM CST
Researchers discover that yes, richer people are happier[*1] .
The results showed that the richer people were relative to their peers of the same age, the happier they tended to be.
Glen Firebaugh, from Pennsylvania State University, who led the study, said: “We find, with and without controls, that the higher the income of others in one’s age group, the lower one’s happiness.