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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 25 2013: I think that money can buy happiness, if you use it the right way. Money can buy security for your future, which is key to happiness. So that is a plus, but if all you do with the money is to buy loads and loads of toys and work all hours to buy new toys, then that is not happiness (unless you really love working). Money used the right way is knowledge that you will be able to eat, don't have to worry about the future, and can take time to look after your family if they need it.

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