New threat to the middle classes: Universities' plan to double student fees could leave millions in debt into their 50s »

Posted By suzanek 9 months, 2 weeks ago in News

Middle-income families would be worst hit, as they would just miss out on financial support from bursaries, grants or means-tested loans.

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    FritzF7 months, 2 weeks ago

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    Although money doesn't buy happiness, happiness can buy money. Young people who describe themselves as happy typically earn higher incomes, years later, than those who said they were unhappy. It seems that a sense of well being can make you more productive and more likely to show initiative and other traits that lead to a higher income. Money, as the saying goes, doesn’t necessarily buy you happiness, although anthropologists have said on numerous occasions that the way money works is not dissimilar to magic in other cultures. Well, it does buy it for some – more rich people report being happy than poor people. Middle class income earners also are less happy, though they earn sufficient income. This is called the Easterlin paradox, for the economist who first published this information. It basically states that in industrial nations with relatively high incomes more people are unhappy than in poor nations. There’s an idea that industrialized nations have more dissatisfaction in daily life due to a lack of connection with others, which is something that money can’t cure.

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