A new study of low-income societies decouples wealth from life satisfaction.

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Here's what low-income societies can tell us about money and happiness.

Global surveys of happiness usually fail to include people living in low-income communities.happiness

Unexpectedly, despite having little money, participants largely reported high levels of satisfaction with their lives. In some cases, the levels of life satisfaction among low-income communities rivaled the levels seen in wealthy communities. The average reported life satisfaction among those surveyed was 6.8 out of 10. Most respondents are from areas where people make less than $1,000 per year.

Other low-income sites averaged higher than 8.0, which is on par with Scandinavian countries that are consistently ranked as the happiest in the world. Overall, Galbraith’s study suggests that people with very low incomes achieve a level of life satisfaction that is just as high, and in some cases higher, than that found in wealthy nations.

 

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