Does money buy happiness?


You better believe I’m happy – or I’ll exterminate you!

The United States may be the richest nation on Earth, a new study indicates, but it’s not the happiest…

There are two major categories of happiness: overall life satisfaction; and more moment-to-moment enjoyment of life. And while overall satisfaction of life is strongly tied to income, meaning richer nations and individuals have more of this overall bliss, how much one enjoys life (by measures such as laughing and smiling) depends more on social and psychological needs being met. These include having social support and using one’s abilities, as opposed to sitting at a mind-numbing job.

The United States, which had the highest gross domestic product per capita, came in at No. 16 for overall well-being and No. 26 for enjoyment, referred to as positive feelings. The No. 1 spot for overall well-being went to Denmark, and New Zealand landed the No. 1 slot for positive feelings.

Everybody has been looking at just life satisfaction and income,” said study researcher Ed Diener of the University of Illinois and the Gallup Organization. “And while it is true that getting richer will make you more satisfied with your life, it may not have the big impact we thought on enjoying life…”

Overall satisfaction with life went up with both personal and national income, suggesting societal circumstances play an important role in happiness. But positive feelings, which were slightly higher in relation to higher income, were much more strongly tied to feeling respected, having autonomy and social support and working at a fulfilling job…

Some economists think money increases happiness at the low end of the pay scale as it helps people meet their basic needs, but doesn’t do much once a person is lifted out of poverty. This new study suggests the link between money and happiness goes beyond basic needs. While the steepest rise in overall well-being with money occurred in the poorer individuals and nations, there was still a bump in overall happiness at the higher socioeconomic status regions.

Of course, our politicians are happy enough just buying elections.

OK. More seriously, I have to come down on the side of lifestyle decisions which reflect satisfaction, choice, accomplishments measured by personal standards – not just the business scorecard of earnings.

I’ve lived my whole life that way and I’m a happier man for it.

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