surveys and studies consistently show that increase in income result in only brief rise in happiness. this is mainly because people judge themselves in reference to their higher earning peers.

made: 21 Oct 2015   for: The Economist Newspaper, London

link: www.economist.com/news/finance-and-economics/21677223-new-study-shows-money-can-buy-you-happinessbut-only-fleetingly-others