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.
Does Money Buy Happiness?
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Happiness is of various sorts. True, money can buy material happiness in physical world as long as the mindset looks for that sort of happiness.
Happiness is a parameter which cannot be quantified/measured with a parameter like money alone.