Does Money Buy Happiness?

We put the question to economist Justin Wolfers, who recently conducted one of the broadest studies on the relationship between money and happiness to date. His answer — yes, sort of, but it ain’t cheap — breaks with the conventional wisdom on the subject. Wealthier people are happier than poor people. Wealthier countries are happier than poor countries. As countries get ­richer, they get happier. The relationship between income and happiness is extremely strong.

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