Just the other day, I came across this study from the Lee Kuan Yew School of Public Policy Institute of Policy Studies (IPS) entitled Lived Experiences in Singapore: Key Findings From The World Values Survey on our Seedly community Facebook page.
The study is the third episode of a three-part series that studies the lived experience of Singapore resident respondents and provides insight on what ‘motivates and sustains our attitudes and values.’
Naturally, as a personal finance writer, I zeroed in on the section about happiness and satisfaction in relation to income.
Source: Lyngby Boldklub | Giphy
Here is what I learnt about income and happiness from the study that I hope you will find helpful.
TL;DR: Does Higher Income = More Happiness For Singaporeans?
Source: Author (Data from NUS IPS)
Methodology
Here is how the data for this study was put together:
Data for this report is primarily derived from the latest 2020 Singapore instalment of the World Values Survey...