In the ongoing debate about whether money can truly buy happiness, a recent study conducted by CasinoTop3 sheds light on this age-old question. By comparing happiness index scores with various socioeconomic factors across different countries, the study aimed to uncover the relationship between wealth and happiness once and for all.
The study analyzed data from 60 countries, examining factors such as average salary, number of billionaires, life expectancy, and happiness scores. A significant positive correlation was found between average salary and happiness score, suggesting a link between financial prosperity and overall well-being.
Additionally, positive correlations were observed between average salary and life expectancy, as well as between life expectancy and happiness, further highlighting the interconnectedness of these variables.
Top 10 Happiest Countries
- Finland: Topping the list with a happiness score of 7.80, Finland also ranked high in average salary and life expectancy.
- Denmark: Following closely behind with a score of 7.59, Denmark boasts a strong economy and high quality of life.
- Netherlands: Ranking third with a score of 7.40, the Netherlands stands out as the only non-Nordic country in the top five.
Top 10 Unhappiest Countries
- India: With an overall happiness score of 4.04, India emerged as the least happy country in the study.
- Egypt: Scoring just 4.17, Egypt faces challenges related to low average salary and life expectancy.
- Turkey: With a score of 4.61, Turkey ranks low in both economic prosperity and life expectancy.
Key Findings
- India: Despite having a significant number of billionaires, India’s low average salary and life expectancy contribute to its low happiness score.
- Egypt: The lowest average salary among all countries analyzed underscores the impact of economic factors on happiness.
- Turkey: While Turkey’s economy shows promise, challenges in life expectancy affect overall well-being.