It is said that money can’t buy you happiness but as with all simple question or statements it depends on a lot of variables.

Once you have satisfied your basic needs food, clothing, shelter having more money doesn’t necessarily buy you happiness. One study famously found that people who had big wins on the lottery ended up no happier than those who had bought tickets but didn’t win. One way of accounting for this is to assume that lottery winners get used to their new level of wealth, and simply adjust back to a baseline level of happiness, something called the “hedonic treadmill”.Continue reading→