Income comparisons can drastically impact life satisfaction, survey data reveals.
The study looked at how people's happiness is influenced by comparing their income to others and getting used to their income. By analyzing data from Germany and the UK, the researchers found that small changes in how income is measured can greatly affect the results. They also discovered that using different methods to calculate a reference income can lead to inconsistent findings. This shows the importance of double-checking results and analyzing data carefully in scientific studies.