20 September 2006
Hey, scratch this
British scientists have determined that little $5 and $10 wins in the lotto won't do anything for your long-term happiness.
Get up into four figures, though, and you're getting somewhere:
Andrew Oswald, a professor of economics at the University of Warwick, and Jonathan Gardner of the financial management firm Watson Wyatt, say a major money prize isn't necessary. They determined medium-sized lottery wins ranging from about $2,000 to $225,000 had a long-term sustained impact in the overall happiness of the winners.
On average, two years after their win, medium-sized lottery winners had a mental well-being score 1.4 points better than previously meaning, loosely, two years after their win they were slightly more than 10 percent happier than the average person without a win or only a tiny lottery win.
I'm hoping for $7,599.
Why, yes, I did get my Visa bill yesterday. Why do you ask?
(Via Fark.com.)Posted at 8:31 AM to Common Cents