Can Money Buy Happiness?
Paul Piff’s research suggests that money makes you mean.//
But many people seem to believe that money can buy happiness.//
What do you think: Can money buy happiness?//
Since happiness is highly personal, the final answer to this old question may never be found.//
Recent research provides a tentative answer: Yes, money can buy happiness, but only up to the point where it lifts you out of extreme poverty.//
People all over the world were asked in a survey to rate their sense of happiness from 1 to 7.//
One meant “not at all happy” and 7 meant “completely happy.”//
You will not be surprised to learn that on average millionaires gave their lives a score of 5.8.//
And you will not be surprised that homeless Indians rated their happiness at 2.9.//
However, you may be surprised to learn that people living in Kolkata slums, just a step above being homeless, rated their happiness at 4.6.//
Not only that, the Inuit people of northern Greenland, who have a very hard life in the Arctic, rated themselves at 5.8.//
And the Masai, who are cattle herders in Kenya and live without running water, flushing toilets, or electricity, rated their happiness at 5.7.//
Both the Inuit and the Masai gave themselves the same rating as American millionaires.//
Many happiness studies from around the world contradict the idea that money can buy happiness.//
Take the United States, for example.//
The gross domestic product (GDP) per person in the US has tripled since World War II.//
Have Americans become happier?//
No.//
In fact, the sense of happiness has not changed much at all.//
The same thing is true of Japan and of Western Europe.//
Prosperity has increased dramatically while happiness levels have hardly changed.//
The conclusion of many happiness studies is that economic factors do not seem to predict happiness.//
Even though people in the developed world have grown richer in recent decades, they seem to be no happier.//
In fact, they seem to feel even more depression and distrust.//
Paul Piff’s research suggests that money makes you mean.//
Since happiness is highly personal, the final answer to this old question may never be found.//