U-M researchers say money can buy happiness - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

U-M researchers say money can buy happiness

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(WJBK) -

Who says money can't buy you happiness?

New research by University of Michigan economists Betsey Stevenson and Justin Wolfers found the more money you make, the happier you are.

The researchers found that a happiness threshold doesn't exist and that for rich and poor, when income rises, people tend to say they are happier.

Read more about their findings, to be published in the May 2013 American Economic Review, Papers and Proceedings, here.

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