**Money = Happiness?**
Money = Happiness?
**The question of whether money makes people happy has probably been on mankind's mind for as long as this means of payment has existed.**
In the infographic below, Statista's Martin Armstrong (https://www.statista.com/chart/29745/money-equals-happy-correlation-wealth-happiness/)tries to get closer to an answer.
The underlying figures are, on the one side, the points achieved by the countries in the World Happiness Index (https://worldhappiness.report/) (X-axis of the chart) and on the other, their respective gross domestic product per capita (https://www.statista.com/topics/5442/global-economic-indicators/) (Y-axis).
(https://www.statista.com/chart/29745/money-equals-happy-correlation-wealth-happiness/)
_You will find more infographics at Statista (https://www.statista.com/chartoftheday/)_
As indicated by the distribution of countries based on the green dots and the corresponding red trend line, there is a correlation between the variables: _**The higher a country's GDP per capita, the more points it tends to score on the World Happiness Index.**_
**The correlation comes to a value of 0.69 - representing a strong association.**
There are however deviations and outliers. For example, Hong Kong's (HK (https://www.statista.com/topics/2310/hong-kong/)) GDP per capita of $49,700 is relatively high, but its Happiness Index score of 5.31 is relatively low - many countries with similar Happiness Index scores have GDP per capita below $10,000.
Tyler Durden (https://cms.zerohedge.com/users/tyler-durden)Tue, 04/18/2023 - 23:45