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		</div><p>In an article by the Office of National Statistics, research showed that households with higher incomes lived more satisfactory lives. This was calculated by finding the total household wealth, total household income, and then asking people aged 16 and over how satisfactory their lives were. Then the data they received they were able to find out if there is a strong correlation between wealth and life satisfaction.</p>
<p>Total household wealth was calculated by summing up net property, net income, physical, and private pension wealth. Net property is made up of any property privately owned in the UK or abroad. Physical wealth is the value of contents of the main residence and any other property of a household including collectables and valuables (aka. stamps, artwork, antiques, etc.). Private pension wealth is the value of all pensions that are not state based or state-earned. Net income wealth is the value of formal and informal assets owned by adults as well as children’s assets. Wealth is an asset that can be accumulated and decumulated over time so the data mostly refers to the highest point of wealth in a household with income providing one way of finding wealth.</p>
<p><b>Relationships between total household wealth decile groups and personal well-being, after controlling for individual characteristics, July 2011 to June 2012</b></p>
<figure id="attachment_80568" aria-describedby="caption-attachment-80568" style="width: 954px" class="wp-caption aligncenter"><a href="http://londonglossy.com/wp-content/uploads/2015/10/image30.jpg"><img src="http://londonglossy.com/wp-content/uploads/2015/10/image30.jpg" alt="Source: Office of National Statistics" width="954" height="650" class="size-full wp-image-80568" /></a><figcaption id="caption-attachment-80568" class="wp-caption-text">Source: Office of National Statistics</figcaption></figure>
<p>In the graph, we can see the distribution of the data with the lowest (10th percentile) continuing to the highest percentile. This way we can see the differences of households and their well-being, with their household wealth. The results showed that people with higher incomes had less anxiety and a more satisfactory lifestyle that those on the opposite end of the decile. This of course is seems very obvious because if someone is living “well-off” they would not have to ask questions like “how am I going to pay next month’s rent”. So&#8230;what about happiness? Well we can clearly see that the lower 20 percentile happiness was low, although as the wealth increased households did get happier. The difference is that the more wealth the households had, it did not mean that they would get happier. In fact, the happiness stalled at the 0.2 decile and did not increase. If we really want a solid conclusion, it’s safe to say that money doesn&#8217;t buy happiness.</p>
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