Check out this article alluding to the fact that money might actually buy happiness, kinda. Basically once you get past a certain standard of living, money doesn't seem to matter much.
The graph also makes it look as though for countries at the high and low ends of the happiness scale, relative happiness within the country doesn't seem to vary much based on income level. It's the countries in the middle of the scale where the richer are significantly happier than the poor.
In the US it appears that you'll be a little happier if you're more well off than others. However, I do have a theory that many people in this country are significantly higher on the "well off" scale than they actually realize. So I'm not sure how that factors in...
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