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Does getting richer make people happier?

Andrew E. Clark, Richard Layard and Ekaterina Oparina


The relationship between economic growth and happiness is not as straightforward as it first appears. While higher income is associated with greater wellbeing, other factors like healthcare and friendship are important too, especially in richer countries.


17 November 2025


Economics Observatory


https://www.economicsobservatory.com/does-getting-richer-make-people-happier

This publication comes under the following theme: Causes and effects of wellbeing