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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 5 2013: Of course money can buy happiness. But it also must be understood that happiness is not a black or white state of being. There are many shades of gray. The happiness that money can buy can be as simple as security and comfort. Being happy with a comfortable place to live, a good neighborhood, a nice car. These are comforts that money can buy to provide a limited amount of happiness. Money will not buy other forms of happiness, such as a family or a purpose in life. But we can trace these things back to money as well. It is easier to find love and have a family when you have a money. You may not need money to find a purpose in life, but money can provide the education and training to acheive that purpose. Don't believe me? Go try to get a date when you can't afford a shower (Sarcastic, but true).

    Essentially, my point is that money can buy happiness. Money will provide for the basic necessities of life and for comfort. This will reduce stress and make individuals generally happy. Once these basics are obtained, money is then a resource used to obtain other levels of happiness. It is different for each person. Some want to travel. Some may want to work with their hands. Money will provide the plane tickets. Money will provide the tools needed to create. Money is a resource to use for people to earn their happiness

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