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Forbes.com:
Money does buy happiness, says new study

10 May 2013

A number of scholars, including London School of Economics Professor Richard Layard, argued that once people had enough to meet their basic needs, somewhere between $8,000 and $25,000 or the equivalent of that in various spots around the world, happiness leveled out. Though Layard didn't dispute that within a country, billionaires tended to enjoy their riches and demonstrate more happiness than their less-fortunate counterparts who were, say, single mothers working as home health aides, he believed that if you averaged out income in a given country, there was a satiation point, beyond which the country could not achieve greater nationwide happiness.

This article was printed by Forbes.com on May 10, 2013
Link to article here

Related links
Richard Layard webpage
Wellbeing Programme webpage
Happiness and Public Policy Research webpage

See also
Saturday 11 May
South China News (translate)
The more money, the more you are happy
Richard Layard, professor at the London School of Economics follow-up study concluded that the per capita income is more than $15,000, higher average income and cannot guarantee more happiness.

Read more... Forbes.com