Tuesday, 18 December 2012
The price of happiness...
They don’t call them your ‘golden years’ because of the fortune that you’re likely to have amassed by the time you reach retirement. Although it is hardly a revelation that not having enough money will make most people miserable, having bucket-loads is no guarantee of happiness either. Money has the power to make you miserable if you let it.
Studies show that a person’s day-to-day happiness increases in line with their income up to approximately £50,000 ($80,000), after which it plateaus. The message is clear: although money can’t buy you love, it can buy you happiness up to a point after which you’ll need to rely on something else to put a smile on your face.
A 2004 study published by the National Bureau of Economic Research found that increasing the number of sexual encounters from once a month to once a week boosts a person’s happiness by as much as a £31,000 ($50,000) pay rise!