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Perceived income inequality makes people less happy

It has often been said that money can’t buy happiness, but a new study published in the journal Psychological Science suggests that many people may still believe that more money would make them happier. The findings suggest that many people may be putting their finances ahead of spiritual growth.

In particular, the University of Illinois researchers who conducted the study found that income inequality, which has increased exponentially in the U.S. since the 1980s, makes people feel less happy.

After reviewing survey results collected between 1972 and 2008, the team found that reports of feeling dissatisfied with income inequality rose, and that this resulted in higher rates of unhappiness. Respondents said they felt that income inequality was fundamentally unfair, and this brought them down.

However, author and philosopher Ilchi Lee says that it doesn’t take money to attain happiness in life. Meditating and developing one’s mind costs nothing. Practicing these techniques can take a person’s brain out of the world of paychecks and inequality and help them attain spiritual growth.  

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