08 Apr Happiness and wellbeing in Australia – money and other factors
MONEY does buy happiness – to a point. Australians become happier with every dollar they earn, but the more money a household makes, the less happiness it gains.
A seven-year review of the wellbeing of Australians has found happiness all but stalled when household income passed $100,000.
The report found the lowest income households – those on under $15,000 – were least happy, with a personal wellbeing index of 71.3.
Happiness increased with each income bracket to a high of 81.1 for households earning $500,000.
But while cash did buy contentment it came at an increasingly high price, as wealth increased.
To read more from the Herald Sun – click here