Researchers from the National University of Singapore (NUS) recently released the findings of the 2022 Quality of Life Survey. They found that Singaporeans have become less happy over the past decade, despite real incomes rising over this period. That said, measures of well-being – such as life satisfaction, happiness, enjoyment, achievement, sense of control and purpose – were all positively correlated with the household incomes of the respondents.

In other words, the richer a household, the greater its sense of well-being tends to be.