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Article: Money can buy happiness, but it's fleeting

Article from:
China Daily
Article date:
August 17, 2005
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WASHINGTON: Money can buy happiness, according to new academic research in the United States.

But the old saying that financial gain does not a happy life make seems partly true, as wellbeing appears in proportion to a person's relative wealth compared to their peers.

The study, by academics from Pennsylvania State and Harvard University, finds that richer people tend to be happier than poorer people.

But the data revealed that jealousy influences how people gauge how happy they are.

"The higher the income of others in one's age group, the lower

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