Can money make you happy? - Macleans.ca
 

Can money make you happy?

Up to $75,000 can improve emotional well-being, study shows


 

Receiving up to $75,000 per year can help take away the stress of life, US researchers are reporting, noting that less money is associated with emotional pain. In a survey of 1,000 Americans, they found that people were overal fairly happy, and that more money could create greater feelings of satisfaction up to a certain point, Reuters reports. Beyond $75,000, further increases fail to improve individuals’ ability to improve their emotional well-being, like having more leisure time, and time for friends and family. The survey was done by telephone, and people were polled with 450 questions on topics like income, satisfaction, emotions and stress.

Reuters


 
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Can money make you happy?

  1. I propose that Health Canada should commence a new program to hand out 75, 000 prosperity dollars to each and every citizen to secure a happy country.

    • Actually there have been studies done in recent years on what effects happiness and income levels did not come out as being super important determining factors. Surprisingly, in one of the long-term studies it was revealed that people who did "chores" as children were happier adults as they had a sense of the importance of contributing to their community. The second study listed several characteristics of happy people. It suggested that your happiness quotient is like a "pie" with half of it pre-determined by things you can`t change like the state of your health; income; etc. The other half of the pie is open to alteration based on your own personal characteristics and outlook. There were about seven characteristics that they identified that seemed to make for a happy person…feeling gratitude; sharing with others; spirituality of some sort (not necessarily religion – but a connection to something bigger); close relationship to family & friends and…sadly I can`t remember the others but it was on the CBC a few years ago if you are interested…

  2. aberhart….yes agreed… totally!

  3. "Money is one of the greatest instruments of freedom ever invented by man."
    –F.A. Hayek

  4. This sounds pretty damning to the "mo' money mo' problems" hypothesis, though I bet the researchers don't even cite Notorious B.I.G.

  5. Money can't buy happiness… but it can sure make misery more bearable !

  6. I guess there's been some inflation. The last article about this said the official happiness number was $70,000.

  7. I think it would be a much more accurate statement to say that the root of most evil is man’s desire for status; either greed to increase one’s status, or jealousy over losing in the status game to others. Money is the most obvious measure of one’s status, so it’s easy to confuse the two, but they are certainly not the same thing at all. Money is just one way of keeping score. Blaming money for evil is like blaming the scoreboard for the baseball game.

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