Scientists, economists and sociologists have been studying the correlation between happiness, income and wealth for decades with variable conclusions. Mark MacSymon, a longstanding Wealth Manager at Private Client Holdings, dedicated his honours degree dissertation to understanding Easterlin’s paradox. The paradox states that wealthy people are, on average, happier than poorer people and richer countries are happier than poorer countries. And yet, growing national wealth is not always accompanied by growing national happiness over the long term. As generations continue, so happiness can dwindle.
Read the full article as published on the Private Client Holdings website here.
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