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: 2015-10-21

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

keywords: wealth money happiness staircase climb social competition compare comparison