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It could be a bias in how they took the data. You cant always believe everything that is posted. Not that I am saying it isnt accurate, maybe it isnt getting a large enough sample size.
Technically it's correct. The people who spend more money will surely lead higher quality of life. Just suppose, a person having all the riches, yet he wears torn clothes just to save more. Can he say he has the best quality of life? In fact can't. So, all that wealth is just a parameter, it's your behaviour of spending money that affects your life standards.
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