Recent studies have finally addressed the long-standing myth about whether money can actually buy happiness, and the data suggests that it can.
However, the study also indicates that the relationship between money and happiness is complex.
The newly discovered research confirms that financial security can reduce stress and provide access to life-changing experiences and opportunities.
The study reveals that the key ultimately lies in how the money is used, not the overall amount in one’s bank account.
It was found that spending money on experiences, helping others, and ensuring financial security led to more lasting happiness than just acquiring material possessions.
Another study conducted by the University of Pennsylvania showed that, based on survey results, the happiness gap between wealthy and middle-income participants was smaller than the gap between middle-income and low-income participants.
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