On hindsight, the correlation between fulfillment and money should be positively correlated, that is the more money one earns the more fulfillment one gets. But is that really the case?

Based on a research done by Stevenson and Wolfers on the Life satisfaction metrics against Real GDP for each individual nation, we can deduce that our intuition is correct, but not absolutely. It appears that the correlation came up to about 0.70 instead of 1.0 that we imagined it to be. Why is that so?

There has been many debates for a number of decades on whether money can truly buy happiness. Based on Robin, V in his book Your Money or Your Life, the fulfillment curve shows that the amount of money spent for Survival, Comforts and Luxuries does indeed improve the fulfillment of one's life. To a certain extent that the marginal ...