Link between income and happiness

July 8, 2006 at 9:36 am | In transportation, meaning in life |

Is anyone surprised that Princeton University researchers have found that the link between income and happiness is mainly an illusion? An excerpt from the article:

“Despite the weak relationship between income and global life satisfaction or experienced happiness, many people are highly motivated to increase their income,” the study said. “In some cases, this focusing illusion may lead to a misallocation of time, from accepting lengthy commutes (which are among the worst moments of the day) to sacrificing time spent socializing (which are among the best moments of the day).”

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