Australia is the happiest of the OECD nations

Many may find it hard to believe, but Aussies are the happiest people in the world – or at least among nations surveyed by the Organisation for Economic Cooperation and Development (OECD).

Although a lot of Aussies are struggling to keep their bank accounts topped up because of the high cost of living, things could be a lot worse.

The OECD study took numerous factors into account when assessing which country has the happiest people, the Wall Street Journal reports.

It considered job security, general health and average income, before coming to the conclusion that Australia is the best developed country on the planet – narrowly edging out Norway and the US.

One of the biggest positives of living down under is the nation's relatively strong gross domestic product. The fact that it has managed to avoid the huge economic problems that have beset parts of Europe is also an obvious bonus.

Although it has dipped slightly in recent weeks, the Aussie dollar has generally remained strong, which also helped the country's score in the OECD survey.

Have a question about bank accounts? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801368756-ADNFCR