Money Can't Buy Happiness. Yes It Can.

| Fri Sep. 15, 2006 2:36 PM EDT

From Germany's Institute for the Study of Labor:

"One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to two control groups – one with no wins and the other with small wins – these individuals go on eventually to exhibit significantly better psychological health.

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