This just in...Rich People are Happy (Duh!)
I stumbled across this article and thought that should be filed under the heading of "No Shit Sherlock".
Economists Nail It: You Can Never Be Too Rich
http://www.businessweek.com/articles/201…
"I just spoke with Justin Wolfers, co-author of a short but important new paper that concludes the more money you have, on average, the happier you are. That may seem to deserve a Homer Simpson “Duh!†award for most obvious research finding of the month, but in fact it contradicts an assertion made in 1974 by Richard Easterlin, who said that increasing average income did not increase average well-being."
Agree / Disagree / Don't give a fuck?
Economists Nail It: You Can Never Be Too Rich
http://www.businessweek.com/articles/201…
"I just spoke with Justin Wolfers, co-author of a short but important new paper that concludes the more money you have, on average, the happier you are. That may seem to deserve a Homer Simpson “Duh!†award for most obvious research finding of the month, but in fact it contradicts an assertion made in 1974 by Richard Easterlin, who said that increasing average income did not increase average well-being."
Agree / Disagree / Don't give a fuck?
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19 comments
But what I’ve heard lately is that sure, the above may be true – “but the lack of it (money) will sure make you miserableâ€
I also read about a study dealing with depression. In that study it was found that the least depressed people are in Africa and most depressed are in Europe..
I will say this. Since I hit the big money I have had more spells of mind-numbing boredom than I ever did when I was building my wealth. My brief retirement was a trial of boredom for me.
Useful, challenging work, not money, makes me happiest of all.
TRUE!
Money can't buy you happiness, but it buys you comfort which IMHO can lead to a degree of happiness.
Whenever Richard Cory went down town,
We people on the pavement looked at him:
He was a gentleman from sole to crown,
Clean favored, and imperially slim.
And he was always quietly arrayed,
And he was always human when he talked;
But still he fluttered pulses when he said,
'Good-morning,' and he glittered when he walked.
And he was rich - yes, richer than a king -
And admirably schooled in every grace:
In fine, we thought that he was everything
To make us wish that we were in his place.
So on we worked, and waited for the light,
And went without the meat, and cursed the bread;
And Richard Cory, one calm summer night,
Went home and put a bullet through his head.
On the otherhand, having no money, working too hard just to make ends meet and not knowing the meaning of the word Vacation (which is an average for working American citizens) can really make you miserable. You got to work for 50 years while the rich man only had to work for 20 (if that).
I think the better phrase would be smart working people are happiest.
I disagree.
I'd be unhappy if I had to live in Europe too with the crooked dumbasses they have in charge. They are worse than the crooked dumbasses we have in charge!