http://media.www.dailytrojan.com/media/storage/paper679/news/2006/10/27/News/Easterlin.Money.Wont.Buy.Happiness-2406381.shtml
According to research done over long period's of time, money only affects happiness when people are below the poverty level. That is where money directly affects the vital needs of those who have it or not (like food, shelter, etc.). BTW - Easterlin was my Economics professor at USC.
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