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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 2 2013: From a deeper sense, as I assume the question is meant to be taken from, people who worry too much about money are unhappier than those that don't. Some poor people don't worry too much about money, some rich people worry too much about money. The most depressed person I've ever met was also the richest.
    On the other side, yes, some of the poorest people in the world are still very happy, but there are also those who aren't able to feed their children, and might even have to choose which one lives because they have so little food.
    For those of us lucky enough to live in a more developed country (if you are reading this then I mean you) just ask the simple question:
    What makes you happy?
    For me, aside from love & family, I enjoy watching footy, reading books, surfing the net, playing Fifa on PS3, drinking beer with mates and travelling...a lot.
    To do these things I need money. However, money isn't the direct cause of happiness. It's not like we sit at home cheerfully handling our money, most of the time we never see it.

    Which essentially means I completely agree with the quote posted by Aries Eroles below:
    "Money can't buy happiness, but happiness needs money."
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      Feb 13 2013: .
      You are right, "The most depressed person I've ever met was also the richest."
      Me, too.

      That is why I say:

      (1) Money can buy happiness below or at its OPTIMAL POINT,
      because happiness is the short-time feeling of things being A-STEP-BETTER for keeping our DNA alive.

      (2) Above the point it buys with more and more difficultly, and with more and more INVALID happiness,
      because it needs more and more money for a-step-better; and it makes more and more backfire.

      (3) OPTIMAL POINT depends on its specific conditions.

      (For details, see 1st article, points 1-3, 10, 14, at https://skydrive.live.com/?cid=D24D89AE8B1E2E0D&id=D24D89AE8B1E2E0D%21283&sc=documents)

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