The admiration and respect of our peers has a greater bearing on our overall happiness in life than our bank balance or the status associated with being rich, researchers found.
Psychologists from the University of California, Berkeley carried out four studies to observe the connection between various types of status and our overall happiness in life.
In one study, the researchers carried out a survey of 80 university students who between them were involved in 12 different social groups such as sororities.
For each student, they estimated their sociometric status – or their standing in the group – by combining self-reported ratings, reports from peers and any senior role they had within their group. The researchers also asked about their income.
Read the whole story: The Telegraph