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Thursday, December 24, 2009
Researchers at the University of Warwick and the University of Manchester found that psychological therapy is more cost effective at making you happy than simply obtaining more money. They looked at how an individual's well being changed after participating in therapy compared to getting sudden increases in income, such as through lottery wins or pay rises. They found that a four month course of psychological therapy had a large effect on well-being, specifically that it would take a pay raise of 32 times more than the cost of therapy alone to achieve equivalent results. This study has implications on the importance of mental health, and the availability for mental health services, such as psychological therapy, to achieve happiness.