According to an economic study, the more money a person has, the happier they are.
The latest study of 1,014 people contradicts previous research that said the correlation between money and happiness diminishes when the basic needs of a person are met.
People were asked to rate their levels of happiness and their income was recorded.
Economists Betsey Stevenson and Justin Wolfers say in their paper the May 2013 American Economic Review, Papers and Proceedings that there is no evidence of a 'satiation' point in the link between money and happiness.
