Post by Saïd Business School, University of Oxford

💸 Does earning more make us happier; and if so, why? 📈 A new study in Nature Communications, co-authored by Oxford Saïd's Jan-Emmanuel De Neve, analysed data from over 90,000 people across 109 countries. It finds that our position in the income hierarchy is a stronger predictor of wellbeing than income itself. 💡 But context matters. Strong community life and social connection can significantly reduce the effect that income rank has on wellbeing. 💭 As Professor De Neve puts it: “Improving wellbeing requires thinking beyond income and economic growth alone.” 👉 Read more about the findings here - https://oxsbs.link/4tP6mnl