Article: Fed: Money does buy happiness - but not on credit


AAP General News (Australia)
11-04-2004
Fed: Money does buy happiness - but not on credit

By Shane Wright

CANBERRA, Nov 4 AAP - Money does buy happiness - just don't pay for it on credit.

A new survey of national wellbeing has found the people happiest about their lives
are those earning more than $150,000 a year. Those least happy earn less than $15,000
a year.

But the Australian Unity Wellbeing Index found even for people earning large incomes,
their happiness was undermined if they were carrying debts on their credit cards.

Author of the index Robert Cummins said the type of debt and peoples' income levels
were critical to their feeling of wellbeing.

"People with large debts ...

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