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There was a study in Sweden where people got a small amount of money (500skr, about $60) per month instead of a prescription of anti-depressants. Turns out the people who got the money were happier.

Link: https://www.dn.se/nyheter/sverige/studie-psykisk-ohalsa-blir...

(only in Swedish, sorry!)

Did the study investigated the effect on a long run ?

The study followed the people who took part in it for nine months and did a follow-up survey six months after the end of the experiment. However, the follow-up results were only obtained when the report was already finished.

Here is the complete report (in Swedish): http://ltblekinge.se/globalassets/forskning-och-utveckling/b...

They mention a smiliar study from the US, but here money was only one out of multiple factors:

https://www.researchgate.net/publication/229888823_Supported...

"I'd rather cry in a Ferrari"

But it can buy things that help make a healthier lifestyle like foods with real value.