Salary Vs Happiness

All of the data used in this piece has been sourced from the Cabinet Office’s Wellbeing and Policy Report. ‘Happiness’ is the mean life satisfaction rating (a score out of 10) for 35-50 year olds (to broadly control for career stage) and was taken from the Annual Population Survey 2011-2013. Life satisfaction ratings are grouped as follows: 0 to 4, (low); 5 to 6, (medium); 7 to 8, (high); 9 to 10, (very high). Salary data is from the 2013 Annual Survey of Hours and Earnings.

Happy outliers were determined by comparing the percentile ranks of both salary and happiness for each occupation. Those with the greatest differences in these two ranks (high on happiness, but low on salary) were considered outliers.

The happiest outlying sectors were determined by comparing the percentile ranks of both salary and happiness for each sector. Average happiness and average salary were weighted by the number of people employed in the sector. Sectors where happiness was disproportionately higher than salary were deemed the happiest outlying sectors.

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