Money can make you sad, but not happy

Money can’t buy marital happiness but it can fund depression, a study has suggested.

Researchers found that couples earning less than a combined £42,300 a year – or $60,000 – displayed fewer symptoms of depression.

However, money can increase the likelihood of developing depression among the better off.

Dr Ben Kail of Georgia State University suspects the pooling of resources helps the financially strapped feel better about themselves.

His team examined data based on 3,617 adults in the US aged 24 to 89. The results are published in the journal Social Science Research.