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Fall in living standards hits wellbeing levels

Those countries worst hit by the global financial crisis saw their happiness levels fall as a result, a survey has suggested.

According to the Organisation for Economic Co-operation and Development (OECD), levels of “life satisfaction” fell dramatically between 2007 and 2012 in countries like Greece and Spain.  Greece saw average life satisfaction levels fall by 20%, while Spain saw a decline of 12%, and Italy 10%.

However, the UK saw its happiness levels rise 1% between 2007 and 2012, putting it in the 20% of happiest countries in the OECD, alongside the likes of Australia, Canada, Denmark, Norway, Sweden, Switzerland and New Zealand.

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