TED Conversations

Mohammad Mohammadipour

This conversation is closed.

Can Money Buy Happiness?

Maybe more cash does make people happier. Especially salient are analyses done by University of Pennsylvania economists Daniel Sacks, Betsey Stevenson, and Justin Wolfers. In their updated 2010 study, “Subjective Well-Being, Income, Economic Development and Growth,” the three compare subjective well-being survey data from 140 countries with those countries' income and economic growth rates. The researchers find that within individual countries richer people are happier than poorer; people in richer countries are happier than people in poorer countries; and over time increased economic growth leads to increased happiness. “These results together suggest that measured subjective well-being grows hand in hand with material living standards,” they conclude..


Showing single comment thread. View the full conversation.

  • thumb
    Feb 1 2013: I was thinking that money is happiness until I saw a nomad.

    I was traveling from one city to another when the driver stopped the car due to some technical issue. It was a mountainous place and till the car got fixed I walked around to have the good view of mountains.

    I suddenly saw a tent in a such a deserted place. The residents looked a husband and wife with one or two kids playing and laughing in a lonely place with access to nothing. It looked they even did not have access to basics but so happy.

    We call these people in our language the Kochiss. these people do not have a permanent place they travel season by season from place to another and they usually seek warm weather.

Showing single comment thread. View the full conversation.