Article: Money really can buy happiness -- question is how much

NEW YORK -- Does money buy happiness?

It's sometimes said that scientists have found no relationship between money and happiness, but that's a myth, says University of Illinois psychologist Ed Diener.

"There is overwhelming evidence that money buys happiness," said economist Andrew Oswald. The main debate, he said, is how strong the effect is.

Oswald recently reported a study of Britons who won between $2,000 and $250,000 in a lottery. As a group, they showed a boost in happiness averaging a bit more than 1 point on a 36-point scale when surveyed two years after ...

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