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Think money can't buy happiness? Think again
NBC's Today Show ^ | May 2, 2013 | Martha C. White

Posted on 05/03/2013 8:17:57 PM PDT by 2ndDivisionVet

It turns out, rich people are happier than poor people.

A new Brookings Institution paper finds that people who live in rich countries are more satisfied with their lives than those in poor countries, and rich people within individual countries are happier than their poor neighbors.

That old “money can’t buy happiness” chestnut, formally called Easternlin’s paradox by economists after an influential 1974 study that concluded rich nations are no happier than poor ones, is such an enduring myth because it holds a lot of appeal, said Justin Wolfers, one of the paper’s authors, a nonresident fellow at Brookings and professor of economics and public policy at the University of Michigan.

“I think it’s incredibly comforting to believe in it,” he said. “You can believe that people who live in grinding poverty… are just as happy as you are.”

Previously, some economists predicted that even if greater wealth meant greater happiness, it was only true up to a point. Once you reached a set point of satiation, extra money wouldn’t matter.

“People are good at making the best of what they have. The way we deal with our emotions is quite adaptive,” said Hal Hershfield, an assistant professor of marketing at New York University's Stern School of Business....

(Excerpt) Read more at lifeinc.today.com ...


TOPICS:
KEYWORDS: economy; poverty; wealth

1 posted on 05/03/2013 8:17:57 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

So capitalism is a good thing? Wow, all those college professors lied. Explains why commies wear grey.


2 posted on 05/03/2013 8:22:00 PM PDT by Deathtomarxists (yellow black or white hillary's pantsuits stink by night!!)
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To: 2ndDivisionVet

Money cant buy happiness but being broke can make us downright miserable.

I have some retired relatives who with lack of savings (they didnt save money) and poor planning later with expensive health problems added are downright misterable now every bill a challenge, its depressing to see them.

Of course the half glass empty Dem will claim this study proves we need more progressives taxes.


3 posted on 05/03/2013 8:37:26 PM PDT by sickoflibs (To GOP : Any path to US citizenship IS putting them ahead in line. Stop lying about your position.)
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To: 2ndDivisionVet

Money doesn’t buy happiness but, it can fund a large research team to study the problem .


4 posted on 05/03/2013 8:39:02 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: sickoflibs
Who buys? You can rent and upgrade when a new model comes out.

/johnny

5 posted on 05/03/2013 8:40:48 PM PDT by JRandomFreeper (Gone Galt)
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To: 2ndDivisionVet
It might make you happy for a while, but when you can have whatever you want, nothing makes you happy and you start trying things you shouldn't.
Look at hollywood. Look at high paid sport figures and music industry. Ever wonder why homosexuals on average make more money than any other class group? It seems the only ones who survive are those grounded in strong faith. Even they sometimes can't handle it. With money and fame goes your soul.
6 posted on 05/03/2013 8:43:42 PM PDT by Linda Frances (Woe to those who call evil good and good evil, who put darkness for light and light for darkness)
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To: 2ndDivisionVet

This is so very obviously true, as we can easily see that with lots of money, we can have true happiness with possessions like titanium straws and red toilet paper.


7 posted on 05/03/2013 8:49:13 PM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: 2ndDivisionVet

Money can’t buy happiness but it makes suffering so much easier! ;-D


8 posted on 05/03/2013 8:51:59 PM PDT by Ruy Dias de Bivar (Do we now register our pressure cookers?)
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To: 2ndDivisionVet

“Money can’t buy happiness”...that’s what rich people tell poor people so they won’t fell so bad.


9 posted on 05/03/2013 8:54:57 PM PDT by Red Dog #1
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To: 2ndDivisionVet

Instead of happiness I’d be ok with just a little cherring up.


10 posted on 05/03/2013 9:05:30 PM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: 2ndDivisionVet

Money can’t buy happiness but it does provide a sturdy platform from which happiness can be achieved.


11 posted on 05/03/2013 9:08:55 PM PDT by Psycho_Bunny (Thought Puzzle: Describe Islam without using the phrase "mental disorder" more than four times.)
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To: 2ndDivisionVet; a fool in paradise
Money can even buy a stairway to heaven.

(by Led Zeppelin.)

12 posted on 05/03/2013 9:12:24 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: sickoflibs
Money cant buy happiness but being broke can make us downright miserable.

I like this quote as I recall it from Joe Louis, "I don't like money, actually, but it settles my nerves."

13 posted on 05/03/2013 9:26:06 PM PDT by dr_lew
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To: Revolting cat!

Looks expensive.


14 posted on 05/03/2013 9:27:10 PM PDT by dr_lew
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To: 2ndDivisionVet

” I don’t care about losing all the money, it’s losing all the stuff!” - Bernadette Peters in The Jerk.


15 posted on 05/03/2013 9:43:20 PM PDT by dfwgator
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To: dfwgator

Money can’t buy happiness but it’ll do till the real thing comes along.


16 posted on 05/03/2013 9:49:06 PM PDT by appeal2 (Don't steal, the government hates competition.)
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Money can buy food, shelter, transportation, health insurance, internet access, contributions, donations, cooperation, etc. But it might take not having money to know the happiness it can bring.


17 posted on 05/03/2013 9:52:51 PM PDT by Gene Eric (The Palin Doctrine.)
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To: 2ndDivisionVet

I have been rich and I have been poor. Rich is better. I have been fat and I have been thin. Thin is better. I have been young and I am getting older. Older is definitely better.


18 posted on 05/03/2013 9:54:08 PM PDT by Hildy (Falling down is how you grow. Staying down is how you die.)
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To: Hildy
Older is definitely better.

SSSSHHHHHHH! You're not supposed to TELL anybody that.

Our secret is out. Dang it.

19 posted on 05/03/2013 9:55:47 PM PDT by Billthedrill
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And how can I omit... money can buy grand pianos, cool guitars, hot wheels, good single malts, and sticks.


20 posted on 05/03/2013 9:57:57 PM PDT by Gene Eric (The Palin Doctrine.)
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To: 2ndDivisionVet; a fool in paradise
Money can buy...

... and that's quite 'nuff!

21 posted on 05/03/2013 9:59:53 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: sickoflibs

Money can’t buy happiness, but if you’re already miserable, your life will be a helluva lot easier.


22 posted on 05/03/2013 10:32:51 PM PDT by paltz
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To: 2ndDivisionVet
Hi 2ndDivisionVet,

To the Leftist mind, the idea that rich people are no happier than poor people must go away. Their narrative is “rich people are partying while the poor suffer”, so of course rich people must be happier than poor people. And unfairly so. And they need to pay their fair share, and you know the rest...

23 posted on 05/03/2013 10:44:55 PM PDT by SaxxonWoods (....Let It Burn....)
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To: 2ndDivisionVet
Whoever said "Money can't buy happiness" doesn't know where to shop.

Regards,

24 posted on 05/04/2013 1:07:46 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: 2ndDivisionVet

bookmark


25 posted on 05/04/2013 2:23:15 AM PDT by GOP Poet
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To: 2ndDivisionVet

http://www.nypost.com/p/entertainment/tv/lap_of_luxury_3Uiuv8GYpxqWfgC3d14FXL


26 posted on 05/04/2013 2:38:39 AM PDT by Daffynition (Stand Your Ground)
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To: Daffynition

I saw that the other night. 90,000 square feet? WTH?


27 posted on 05/04/2013 3:22:52 AM PDT by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: 2ndDivisionVet

It’s one thing to answer a think-tank survey. It’s another thing to see these people react to the events of their lives on this planet. Riches grant no immunity to the unfairness of life. Let a rich person’s child contract some rare, incurable disease and see how fast the money gets burned thru. Riches provide options, not joy.


28 posted on 05/04/2013 3:26:26 AM PDT by Tonytitan
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To: 2ndDivisionVet
Always think it's funny; Gets me every time.

The one about "Happiness and Money"; Tell it to the bread line."

"Get Lucky", by Mark Knopfler

29 posted on 05/04/2013 3:49:23 AM PDT by Reo (the 4th Estate is a 5th Column)
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To: 2ndDivisionVet

This is the bureaucratic state/ government workers with 3% unemployment gloating at the rest of us. F them.


30 posted on 05/04/2013 4:32:12 AM PDT by Track9 (hey Kalid.. kalid.. bang you're dead)
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To: 2ndDivisionVet

Dunno but Biltmore is approx. 178,000 square feet...so they have a ways to go to beat that.


31 posted on 05/04/2013 4:35:01 AM PDT by Daffynition (Stand Your Ground)
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To: paltz

Money can’t buy happiness, but no money can’t buy squat.


32 posted on 05/04/2013 4:40:46 AM PDT by RegulatorCountry
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To: Linda Frances

“It seems the only ones who survive are those grounded in strong faith.”

Praise the Lord, that is so true! My day’s off to a good start. Thanks!

:^)


33 posted on 05/04/2013 4:52:33 AM PDT by elcid1970 ("The Second Amendment is more important than Islam.")
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To: 2ndDivisionVet
an influential 1974 study that concluded rich nations are no happier than poor ones

Good.

Then let's stop sending money we don't have to dictators in third world cess pits.
Especially those where the leadership and population hate our guts.


34 posted on 05/04/2013 5:01:32 AM PDT by Iron Munro
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To: Linda Frances

What are you saying, money makes you gay?


35 posted on 05/04/2013 5:08:54 AM PDT by 9YearLurker
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To: 2ndDivisionVet
As a guy told me once, "Life is like a sh!t sandwich. The more bread you have, the less shi!t you have to eat."

He was right.

36 posted on 05/04/2013 5:27:55 AM PDT by Hardastarboard (Buck Off, Bronco Bama)
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To: Tonytitan

At the risk of coming across like Chauncey Gardiner, freedom from want and economic worry, or even a cushion protecting you from it to an extent, creates room for happiness to grow and to spread, provided it’s already taken root. It’s not going to create it where none exists, though.


37 posted on 05/04/2013 6:39:40 AM PDT by RegulatorCountry
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To: 2ndDivisionVet

I could live with being miserable and rich, Money can’t buy happiness but... But it helps


38 posted on 05/04/2013 8:30:28 AM PDT by davemac.439
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To: 2ndDivisionVet

Best line I EVER heard about this topic:

Money can’t buy you happiness, but, it DOES buy you ‘options’


39 posted on 05/04/2013 3:37:00 PM PDT by AllAmericanGirl44
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To: 2ndDivisionVet
Money, however, does buy miniature giraffes.


40 posted on 05/04/2013 4:23:39 PM PDT by Benito Cereno
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