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Is
too much money always a bad thing? |
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Money can buy love, study reveals
Contrary to popular belief, money can buy you happiness, a
study into lottery jackpot winners suggests.
BBC Online
5 Oct 2006
A Nottingham University study found 97% of 34 people who won more than £1m
on the National Lottery were just as happy, if not happier, than before.
Researchers also found money can buy you love - 68% of winners were married
pre-jackpot, rising to 75% afterwards.
None missed working or found that the money caused domestic arguments or led
to relationship breakdowns.
Only 3% of winners who filled in the questionnaires said they were less
happy than before, citing new pressures in their lives.
Myth versus reality
A "Satisfaction with Life" scale was used to determine subjective well-being
among winners and non-winners.
But the study found that the expected huge changes in lifestyle were more
myth than reality.
Many winners seemed to move into bigger properties (68% of them lived in
detached houses compared with 32% pre-win), but they stayed in the same
geographical area.
Researchers also found out that despite the fact winners took more holidays,
they were not more adventurous in destination choice - 100% had taken a
holiday in Britain since their win.
The survey, commissioned by National Lottery operator Camelot, is the first
academic study into jackpot winners since the National Lottery began 12
years ago.
Dr Richard Tunney, Psychology Lecturer at The University of Nottingham,
said: "The old saying 'money can't buy you happiness' may not be true, but
traditional family values, a comfortable home and financial security are
clearly key elements to a happy life."
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