A higher income may cause people to be hopeful and improve their level of life satisfaction. It could also be that optimistic people make more money due to them already being hopeful.
While having enough money to live is necessary for happiness, by itself it is not enough. It appears that it is what people do with their money that increases their wellbeing.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
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