Researchers analyze the relationship between wealth, income, and happiness

A study conducted as part of the SKL Happiness Atlas examines how financial status influences life satisfaction. Research by economists Bernd Raffenhüschen and Timon Renz, involving approximately 3,290 participants surveyed by Ipsos, found that individuals possessing assets exceeding 50,000 euros report significantly higher life satisfaction than those without such a buffer. On a scale of 1 to 10, those with financial reserves scored 7.23, compared to 6.34 for those without.

In a separate collaborative effort involving 13 international researchers, findings suggest that while financial security provides a necessary foundation, income has a diminishing impact on happiness once basic needs are met. Instead, researchers identify social relationships as the most significant factor for well-being. Lara Aknin of Simon Fraser University noted that having reliable connections and a sense of community belonging are critical to emotional well-being, alongside meaningful work that aligns with personal values.