'Yes, money makes you happy - we see the effect of income on life satisfaction is very strong and virtually ubiquitous and universal around the world,' said psychology professor Ed Diener of the University of Illinois, who led the study.
'But it makes you more satisfied than it makes you feel good. Positive feelings are less affected by money and more affected by the things people are doing.'
Both positive and negative feelings are more likely to be linked to being respected, being in control of your life and having friends and family to rely on.
Prof Diener said the study found a few very unhappy people among the rich, and pretty happy people among the poor.
'But the poor who are highly satisfied with their lives are rarer than the poor who enjoy life, because this depends on social relationships, and poor people can be well-off in these,' he said. -- WASHINGTON POST
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