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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: In this discussion, I think there is a question must be answered first: what is happiness? Or better, what you call of well-being?

    Comfort? Material and social success? Being up with the last trends? Showing off consumption power? In this case, yes - money can buy happiness.

    (Here arrises a parallel discussion: if money can buy happiness, not everyone can have it, as market won't allow it. Is this happiness?)

    Now, well-being can also mean peace, love, patience, kindness. In this case money can create the circunstances for well-being, and also (paradoxically) hinder it. But money is not the only way to attain them.
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      Feb 14 2013: Hi Eric
      "In this discussion, I think there is a question must be answered first: what is happiness? Or better, what you call of well-being?"

      Q1:Is it possible to come up with a definition for happiness or wellbeing?, if so, what is that?
      "(Here arrises a parallel discussion: if money can buy happiness, not everyone can have it, as market won't allow it. Is this happiness?)"

      Q2: As far as I money is concerned, I think there is so much similarities associated with our wants,
      But the question is "what are your needs?".. .what makes you really happy?..what does life mean to you?..

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