Nobel winning economist says ideal income is $104,000 pesos a month

Angus Deaton, an award-winning economist at Princeton University, proposed that people 'would be happy' and have less fear of what lies ahead if he earned $104,000 pesos a month.

The conclusion of the expert Nobel Prize winner in economics for his research on the relationship between wealth and happiness is based on a 2010 study revealing that someone who earns $75,000 dollars a year feel they have a better life, but not necessarily happier.

The purpose behind the research is whether there is a relationship between happiness and the amount of money you earn each month. In . . .