How much happier would you be if were given a 10% raise?
While money can be a crucial indicator of happiness at lower income levels, Visual Capitalist’s Iman Ghosh notes that studies have found that as incomes rise, money becomes a less important part of the overall happiness equation.
In fact, researchers see happiness as a complex measure that involves many variables outside of material wealth, including social support, freedom, and health.
- GDP per capita
- Healthy life expectancy
- Social support
- Freedom of choice
- Perceptions of corruption