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What is Money and Happiness: A Misconception about?

While economists initially concluded that more money leads to greater happiness, research in psychology paints a more complex picture. Studies show that additional income significantly increases happiness only for those in poverty as it satisfies basic needs, but has little effect otherwise. Global surveys find the happiest populations tend to be those who are comfortably middle class, while the wealthiest report similar life satisfaction levels to them. Despite dramatic economic growth since WWII, national

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