You Don't Need A Big Lottery Win For Long Term Happiness But A Few Thousand Helps
Happiness and Lottery
Researchers at the University of Warwick and Watson Wyatt have been examining just how much money one needs to win in the lottery to have a long term impact on personal happiness. Unsurprisingly the researchers found that small wins in tens or hundreds of pounds made little long term difference, but they also found one did not need to win the jackpot to gain a significant increase in long-term mental wellbeing.
In work to be published in the Journal of Health Economics, researchers Professor Andrew Oswald from the University of Warwick and Dr Jonathan Gardner from Watson Wyatt showed that medium-sized lottery wins ranging from around just