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Money cannot buy happiness, but there is a new kind of association found between money and our perception towards it: comparison with other people's wealth.
Money by itself is a tool that can provide us with food, shelter, comfort and clothing. The connection between our happiness and our own wealth is overshadowed by the connection between our happiness and other people's subjective socioeconomic status.
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Conventional wisdom states that relationships and experiences produce happiness, not just money. This thought process, prevalent for decades, is busted by new research, which says that happiness is dependent upon what we think we have as compared to others, and not how much they have.
Happiness, success and wealth are not individualistic or personal, but is a broader, collective pursuit based on our own perception for other people.
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