Skip to main content RSS Info Close Search Facebook Twitter
Location
Category
Providers / Vacancies
Feedback

Pure happiness can be an educated 76 year old

Analysis by the Australian Unity Wellbeing Index shows that the happiest Australians are those over 76 with household incomes of between $61,000 and $90,000 but that the real power of money was to enable people to pursue core desires such as planned education.

Four out of the six happiest groups had household incomes of more than $150,000 but the index found that the very rich were not necessarily any happier than the rest of the population.

It appeared that money lost its ability to raise wellbeing or increase happiness beyond a household income of $100,000.

Overall, the relationship between money and happiness was relative. For people on less than $15,000 a figure of $7,143 being available was regarded as enough to increase happiness, although poverty was certainly a recurring factor among the unhappiest Australians.

The report’s author, Deakin University psychologist Bob Cummins, said that “the real power of money is in its ability to help us pursue core things we need in our lives such as education”.

The other factors found to be important today were getting married, volunteering, a secure job, home ownership, and moving to a rural community.

Share this article

Read next

Subscribe

Subscribe to our Talking Aged Care newsletter to get our latest articles, delivered straight to your inbox
  1. Eighty years after getting married, this couple lives together...
  2. Who says your age should limit your dreams?
  3. Data from a recently released report highlights a concerning...
  4. With an ageing and growing population, data from the...
  5. Approximately 411,000 Australians are estimated to be living...
  6. How could you benefit from attending university as an older...

Recent articles

  1. Are there options for older Australians to live in the same...
  2. The new initiative brings older Aussies together to see the...
  3. A collaboration between Dementia Australia and VistaPrint...
  4. How can you look after yourself during the expected heatwaves...
  5. How is an interactive app being used in aged care settings to...
  6. How could the upcoming strengthening of super standards save...
  7. Brother Thomas Oliver Pickett, a Western Australian volunteer,...
  8. Why is an illegal website targeting older Australians?
  9. Eighty years after getting married, this couple lives together...
  10. How does heart health impact your risk of dementia?
  11. Instead of going to the hospital, could older Australians...
  12. Recent data indicates changes in the current COVID-19...
  1. {{ result.posted_at | timeago }}

Sorry, no results were found
Perhaps you misspelled your search query, or need to try using broader search terms.
Please type a topic to search
Some frequently searched topics are "dementia", "elderly" etc
Close