Why happiness is becoming more expensive and out of reach for many Australians
- Written by: Richard Morris, Research scientist, University of Sydney
ShutterstockOne of the most well-known findings in the economic study of happiness is that, on average, happiness increases with income, but at a certain point diminishing returns set in.
In other words, money can only buy a fixed level of happiness, after which extra income and wealth doesn’t make much difference. Presumably after this...
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