Economists claim the most important factor in making people feel content is money
People may say money can’t buy you happiness but it would appear that it can, according to a comprehensive think tank report.
Findings by the Institute of Economic Affairs show that happiness levels are on a par with the amount of money you earn and does not level off when assets reach a certain value.
The report dismisses David Cameron’s strategy of promoting happiness with economics, claiming the Prime Minister would have done better to invest time and money into making people better off by boosting Britain’s GDP.
Philip Booth, from the IEA says the Government’s national happiness policy is flawed and based on a complete misconception of what makes the population content.
The data from 126 countries was published today to coincide with Blue Monday, which has been identified as the most depressing day of the year due to weather and debt levels after Christmas.
The report claims richer individuals are happier finding that the relationship between income and satisfaction is remarkably similar in all countries studied.
Experts claim there is little hope of boosting Britons mood unless the economy improves.