TED Conversations

Mohammad Mohammadipour

This conversation is closed.

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..

Share:

Showing single comment thread. View the full conversation.

  • Feb 21 2013: The thought occurred to me the other day that money allows more people to survive. Most people are very far removed from a homesteading lifestyle that allows them to survive through their direct interaction with the land/sea/atmosphere., so money is the system that sustains their existence. Several comments below speak to individual happiness being a matter of outlook, but first basic needs must be met. There are several theories that relate to the evolution of a well balanced life and happiness (Maslow, Erickson .. to name a couple), and these start with ones meeting basic needs and developing a feeling of security. My initial thought linking money to population increase took me to the weird thought that the money that provides the basic needs and security that form the platform from which happiness can be constructed for the millions of people who work in war related industries brings misery to millions of other people.
    • thumb
      Feb 25 2013: Dear Tom
      I love your perspective...

      "took me to the weird thought that the money that provides the basic needs and security that form the platform from which happiness can be constructed for the millions of people who work in war related industries brings misery to millions of other people."

      Kind regards

Showing single comment thread. View the full conversation.