Swipe to see all charts
Friday, April 30, 2023
The question of whether money makes people happy has probably been on mankind's mind for as long as this means of payment has existed. The first tries to get closer to an answer.
The first chart indicates by the distribution of countries based on the green dots and the corresponding red trend line, there is a correlation between the variables: The higher a country's GDP per capita, the more points it tends to score on the World Happiness Index.
The second chart shows from 1970 to 2021, the share of U.S. aggregate income earned by the middle class shrunk massively, from formerly 62 percent to just 42 percent. During the same time, earnings by high income Americans increased from 29 percent to 50 percent
Source: Statista (a), Statista (b)
-----------------------------------------