The happiness and income correlation in Canada

Abstract

Does having more income make you happier? Current literature shows varied results regarding the correlation between perceived happiness and income. This article uses data from Statistics Canada's General Social Survey (GSS) in order to examine the relationship between income and perceived happiness in a Canadian context. Findings indicate that annual income does not seem to be correlated with perceived happiness in Canada, thus challenging the age-old adage that money can buy happiness. Keywords: happiness; income; correlation; Statistics Canada General Social Survey (GSS)