Happiness does not come from money: study
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Economic growth is often prescribed as a sure way of increasing the well-being of people in low-income countries, but a study suggests, subjective well-being in societies where money plays a minimal role the majority of people reported remarkably high levels of happiness.

In this study published by Plos One, the researchers test the assumption by comparing three different measures of subjective well-being in very low-income communities with different levels of monetization.

The study results showed;

--All three measures of subjective well-being were very high in the least-monetized sites and comparable to those found among citizens of wealthy nations.

--The reported drivers of happiness shifted with increasing monetization: from enjoying experiential activities in contact with nature at the less monetized sites to social and economic factors at the more monetized sites.

Conclusively, high levels of subjective well-being can be achieved with minimal monetization, challenging the perception that economic growth will raise life satisfaction among low-income populations.

Source: https://doi.org/10.1371/journal.pone.0244569
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