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They say you should never put a price on friendship, but economists have just done that!
A study published in the Journal of Socio Economics, which took information from over 8000 households in Britain values true friendship at ................................................................£85,000!
"An increase in the level of social involvement is often worth many tens of thousands of pounds a year extra in life satisfaction. Actual changes in income on the other hand, buy very little happiness," said Dr Nattavudh Powdthavee from the University of London's Institute of Education which conducted the research.
"One potential explaination is that social activities tend to require our attention while they are being experienced, so that the joy derived from them lasts longer in our memory. Income on the other hand is mostly in the background," he added.
Worldwide studies have consistently shown that friendships are integral to a happy, fulfilled life.
Connect with your friends today!
Posted by Kevin Kelly at
May 3, 2007 05:55 AM