A new survey says that for Australians, happiness comes with a price tag of 40,000 dollars. This proved that financial security certainly seems to play a role in whether a person is happy or not.
According to the latest AMP.NATSEM Report, The Pursuit of Happiness, Australians are a comparatively happy bunch and are among the most satisfied people in the world.
Almost 90 per cent of Aussies say they are satisfied with their lives, despite having to work harder to juggle family, job and financial pressures, which puts them in equal third place internationally, along with the US and Sweden.
On the other hand Ireland, Norway and Denmark tied in having the happiest populations.
Finland or Canada came in an equal second.
The report found factors like friends and family, health and work are big contributors to happiness.
The study also found that people with more money tend to be happier.
The graph is taken from data in the government's Household Income and Labour Dynamics in Australia Survey, which asked people to rate how happy they were with their lives on a scale of one to 10.
They found that the least satisfied Australians are those on lower incomes.
The median income for the two least satisfied groups was 15,000 dollars and 22,000 dollars compared with 40,000 dollars for those rating their level of happiness at seven, eight or nine.