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Mohammad Mohammadipour

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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..

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    Feb 4 2013: Can money buy happiness? Yes, but money can't buy satisfaction, which could be reached only through actions. In my opinion be satisfied of something is more important than be happy, because the first thing is consequence of an act, the second is only a passing sensation that, for exemple, could be generated from the first one. So, chase the satisfaction and you will also achieve the happiness without spending money.

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