Figure 7: Of all categories of spending, a higher share of spending on hotels and restaurants is most positively associated with higher life satisfaction.
Marginal Effect on reporting very high life satisfaction from a doubling of the share of spending on a particular category, UK, April 2016 to March 2017
Source: Office for National Statistics - Effects of Taxes and Benefits (ETB)
- Denotes statistical significance at the 95% level, while other series are significant at the 90% level.
- These are marginal effects, and are interpreted as outlined in section 10.
- Other spending categories not shown (alcohol, clothing, housing and rental, health, transport, and education) are not significant even at the 90% level.
- Miscellaneous spending is mostly captured by insurance such as car insurance, spending on personal care such as hairdressing, and hair products and other cosmetics.
- Spending values have been equivalised.
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