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..

Share:

Showing single comment thread. View the full conversation.

  • thumb
    Feb 6 2013: Happiness occurs on different levels based on the individual. For some it is extremely monetary. The more they have the more things they purchase or do, creating a sense of happiness. For others it is sense of ownership or pride in what they do or have accomplished in their lives. Some people gravitate towards family or religion in search of happiness while others move out to the country in search of privacy and peace. Personally, I believe happiness to be a mixture of several things, money being one of those items. The other major contributing factors for me are enjoying what I do for a living, enjoying the people in my life, and the many different experiences I have had, good or bad, thus far. Obviously degrees of happiness can certainly vary or become more challenging to obtain depending on a person's environment, however, again, happiness to me is like a fingerprint; it is different for each person. Great conversation. Thanks for sharing.
    • thumb
      Feb 14 2013: Hi Nicholas
      "I believe happiness to be a mixture of several things, money being one of those items. The other major contributing factors for me are enjoying what I do for a living, enjoying the people in my life, and the many different experiences I have had, good or bad"

      Q1. How do you classify your experiences? How do you enjoy your "bad experience"?

      Q2.
      "happiness to me is like a fingerprint"..?..could you shed light on your idea?
      Regards

Showing single comment thread. View the full conversation.