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How much money do you need to be happy?
Does money make you happy? It sure helps, but how much do you really need?
In 1974 Richard A. Easterlin wrote a chapter in the book Nations and Households in Economic Growth: Essays in Honor of Moses Abramovitz. He discovered that there is a positive correlation between income and happiness within a given country. In other countries, however, this relationship does not seem to exist, creating what appears to be a paradox. People who live in rich countries are not necessarily happier than people who live in poor countries.
How do you measure happiness?
Easterlin used a self-assessment that is widely used to...