The Vanishing Point

Money and Happiness

Posted in Egalitarianism, Happiness, Socialism by Martin Rannje on May 12th, 2008

“Can money buy Happiness?”, this author asks himself. The article is pretty interesting, even though it predictably concludes that money can indeed not buy happiness. Unless it is used to alleviate dire conditions, more money does not make people any more happy. What really brings happiness is success - and succes is reaching your goals.

“The upshot: If you and I feel equally successful but you make four times as much as I do, we will be equally happy about our lives. Of course, successful people make more money than unsuccessful people, on average. But it is the success—not the money per se—that is giving them the happiness. I have no doubt that some people do get pleasure from lording their higher incomes over others. But the evidence says this is not the biggest reason that having more than others gives us happiness.”

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