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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 6 2013: I do not think money can buy happiness, but it does free you up to pursue happiness. When you are financially tied down you are in a strangle hold by the world and can never really do the things you want because you are always chasing the almighty dollar. When that money is readily available you have the freedom to go out and do the things you love without worry and regret. Money will never make you happy alone, but you have a much better starting point if it is there.

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