Money Matters to Happiness—Perhaps More Than Previously Thought

Using a technique called “experience sampling,” Matthew Killingsworth at Penn’s Wharton School indicates that previous research regarding the relationship between money and well-being may be incorrect – with a caveat.
“Although money might be good for happiness, I found that people who equated money and success were less happy than those who didn’t. I also found that people who earned more money worked longer hours and felt more pressed for time.”
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