Figure 5: Household spending has a larger positive association with life satisfaction than household income
Odds ratios of higher life satisfaction associated with a doubling of each monetary measure, UK, April 2016 to March 2017
Source: Office for National Statistics - Effects of Taxes and Benefits (ETB)
- Positive value means more likely to report higher life satisfaction for higher income/spending
- The values reported in the chart are odds ratios and interpreted as highlighted in section 10.
- Denotes statistical significance at 95% level, while income is only significant at the 90% level.
- Data refers to equivalised household income and spending.
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