Time and time again, we have been told that “money can’t buy happiness”. However, a recent study by Expensivity claims that every country has a ‘happiness premium’.
The study used purchasing power ratios from the World Bank along with local cost-of-living to calculate the price. While the Philippines isn’t in the top 10 countries with the highest or lowest prices of happiness, we’re on the lower end when compared with the rest of the world.
According to Expensivity, our ‘happiness premium’ stands at $28,264 (around Php1.37 million). That’s roughly a monthly income of Php114,167. Check out the rest of the happiness premiums across the rest of Asia and Oceania here:
So… are you happy? 😉
Got an interesting story you’d like us to write about? Email me at email@example.com or send me a direct message at When in Manila Angeline on Facebook. Interact with the team and join the WhenInManila.com Community at WIM Squad! Join our WhenInManila.com community on Viber, as well!