Friday, May 27, 2011

Can money buy happiness?

The OECD launched its measure of well-being which includes 20 different indicators across 11 sectors in its 34 member countries (from life satisfaction to air pollution). You can see their interactive tool that shows details for each variable and country.

The chart below shows the results of its headline Better Life index (which is equally weighted) plotted against GDP per person at purchasing-power parity (which adjusts GDP for differences in the cost of living across countries). Can money buy you well-being (and happiness)? The chart below seems to indicate such a correlation...

Read more here: Well-being and wealth: The pursuit of happiness | The Economist

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