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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 16 2013: No money doesn't buy happiness, money can't buy you love. You can get temporary fixes of joy from buying what you want but no amount of money can eradicate poor health let alone bring back the dead. Happiness is a choice you make everyday, it's an emotion that you have control over...as Maya Angelou once said (not verbatim) my circumstances may change me but I refuse to let it reduce me!

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