Chiming in on the old rumors about the relationship between money and happiness, a survey conducted by the U.K.'s Office for National Statistics has revealed that a person's life satisfaction, sense of worth, and happiness was directly related to how much wealth he or she had.
In other words: money can indeed buy happiness.
Participants in the survey stated that a large bank account balance made them happier and more satisfied than the size of their house or car. In other words, levels of property wealth were not found to be related to the participants' levels of personal well-being, according to Glamour.
However, what the survey found to be the biggest boost to happiness and life satisfaction was a sizable salary. Respondents noted that their sense of self-worth improved as they obtained greater physical wealth, such as money one can withdraw from a bank account, or expensive things one may have.
Conversely, the study found that the less physical wealth a participant owned, the more anxiety he or she reported.
"The results from the [survey] show that overall wealth has a positive effect on individuals increasing levels of life satisfaction, sense of worth and happiness while at the same time, decreasing levels of anxiety," the report stated, noting the opposite effect.
"If this is considered across the distribution of net financial wealth, individuals living in households in the lowest quintile are more likely to report low levels of personal well-being than similar individuals living in households in the middle net financial wealth quintile," it added.
The full report can be read HERE
