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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 14 2013: "Money Can't Buy Happiness" is a quote often handed down by the Rich to the Poor to make them feel better being broke!
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      Feb 14 2013: Hi Raam
      are you a "rich man"?..
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        Feb 15 2013: Hi Mohammad, Why do you ask that?
        Anyway, my answer would be "Yes, of course!"
        Richness (and happiness) are relative terms. They have different meanings to different people.

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