Why Money Doesn’t Buy Happiness

Economists and psychologists—and the rest of us—have long wondered if more money would make us happier. Here's the answer.

« Return to Article

Discuss

Member Comments

  • Posted By: mrwnt10 @ 02/03/2009 11:48:06 PM

    Great article. I have been pondering this topic for some time as I try to decide what career path to take, and this article only reinforces the conclusions that I have been coming to. Once you are financially independent, more money won't make you that much happier. It is relationships that make life worthwhile.

  • Posted By: ericp675 @ 01/25/2009 10:22:10 AM

    <a href="http://mls.fastrealestate.net">MLS</a>

  • Posted By: ericp675 @ 01/25/2009 10:20:03 AM

    Nice article
    <a href="http://www.babypips.com" target="_blank">Here</a>

  • Posted By: twosets22 @ 10/11/2008 7:07:36 PM


    I was a volunteer at a church and made meals for the homeless. I got to know some of these people and they seemed just as happy as I who held down a job. They were so very grateful for my efforts. This was good for my soul. Money could not buy. Good for their soul knowing somebody gave of their time so they could have a nice meal. Mind set

  • Posted By: twosets22 @ 10/11/2008 7:03:57 PM

    i AGREE WITH THIS STUDY 100 PERCENT. THANK YOU, I AM SENDING IT TO INDIVIDUALS WHO STRUGGLE WITH THIS ISSUE.

  • Posted By: thinktank @ 01/24/2008 5:59:32 AM

    Although I can see the logic behind being the relationship between money and happiness, yet there is another theory that claims that happiness is independent of the environment and has more to do with the a person???s point of view and emotional training. There is a very interesting research conducted by International Institute of Management (IIM) titled Psychology of Happiness and Unhappiness - A case study of the mindset and behavior of happy and unhappy personalities.

    This paper explores the mindset and thinking patterns of happy and unhappy people. It helps us identify some of the key characteristics of their thinking and the impact that their behavior has on their emotional well-being and their lives. The paper, also propose a simple, yet effective strategy to help people lead a happier life.

    According to Med Yones, the president of the research, "By simply choosing to lead a happier lifestyle and continuously training your mind to think in positive patterns, you can improve your emotional well-being as well as the quality of your life immensely".

    The complete text of the study can be found on:
    http://www.lifehappiness.org/psychologyofhappiness/index.htm

  • Posted By: sadrain @ 12/29/2007 2:59:10 AM

    who can give me 1million dollar? please reply me advice or tell me how can i find this money?

  • Posted By: Hanaerherre @ 11/20/2007 10:49:22 AM

    I tend to agree with Frank Sinatra who once said, "I was poor and I was rich, I prefer being rich".

  • Posted By: Hanaerherre @ 11/20/2007 10:48:21 AM

    I tend to agree with Frank Sinatra who said, "I was poor and I became rich, I prefer being rich".

  • Posted By: someone-evc @ 11/14/2007 11:55:42 PM

    i have told that "money just bring you a good material life, not a spirit life

  • Posted By: Brandiee57 @ 11/12/2007 5:07:10 PM

    Money can't buy you happiness, but it sure makes it easier to pay the bills.

  • Posted By: bkohl20005 @ 11/07/2007 4:23:58 PM

    the LOVE of money is the root of all evil, but the joys of having wants is measured by the satisfaction in the process of obtaining those wants...folks it is the process of living that makes us happy or unfortunately also unhappy.....living is doing and not owning....with that said please come see me at ebay..my store (sells cool hats) on your-front-door an ebay store...thank you and god bless and soldiers come home safe

  • Posted By: claytons @ 10/30/2007 3:23:36 PM

    happiness is more about giving than getting! clayton

  • Posted By: claytons @ 10/30/2007 3:22:34 PM

    Happiness is more about giving than getting. clsmith

  • Posted By: oldgram @ 10/30/2007 1:22:41 PM

    why can't I find research on middle class vs. lower class justice/injustice?

  • Posted By: seattlemac @ 10/25/2007 7:27:35 PM

    It shouldn't be at all surprising that the other basic concept of economics applies equally well here: the law of diminishing returns. Each succeeding dollar buys a smaller amount of happiness. At some point, the value of the increased happiness gained by the acquisition of the next dollar is offset by other costs that are incurred to acquire that dollar (time, energy, etc.).

  • Posted By: jessix01 @ 10/25/2007 1:29:18 PM

    More money = greater happiness up to the point where you have everything money can buy. Wealthy people have the luxury of observation. What is life? What is love? What is happiness? When one doesn't have to scramble to pay the bills for daily living one can sit back, "smell the roses", and watch what is happening in his or her own private circle of life..

    People remain individuals with or without money. Some people enjoy having a life packed with activities that cost money.. Others can be happy living on a beach fishing for food and being otherwise self-sufficient. Those persons who are happier in the presence of others will find themselves happier if they have plenty of money. People who tend to be introverted or who enjoy their own company more than the company of others can be happier with less money than those who need other people around them all the time. The more people enter the equation, the more important money becomes.

    Money = power = choices which become more important when more people are involved.

    Each person has his or her own set of wants and needs to be satisfied. In a group, who wins? The one with the money (power) of course, because he or she has the ability to help the others get what they want via money. In an industrial society, it takes money.to pay for whatever it is a person needs or wants.

    It is a myth that money doesn't buy happiness. This myth is told to people who don't have a chance of getting much money, in an attempt to keep them satisfied. If you live in a country where only the basic needs of life are provided to the masses, you are going to be told one of two things:
    (1) Money doesn't buy happiness
    (2) The poor go to heaven and it is in heaven where they will enjoy riches.

    Look around you. See what people do to get money. If money doesn't matter do you think so many people would be doing so many bad things in order to get more of it?

    "Money doesn't matter" is just another myth told to the masses to keep them quiet and to allow those who realize the importance of money and the power that comes with it to make more of it.

    Additionally, the masses are further trained to believe that money is the root of all evil, that wealthy people are all dishonest, selfish, unhappy people. If a person manages to win the lottery or otherwise "strikes it rich", he or she is pressured and made to feel so guilty for having this good fortune that it takes little to no time for that person to squander the money that has been won. He or she is then used as an example to the rest to further the myths that "money doesnt matter", etc..

    In a capitalist country, it is money and only money that makes the world go around. Everything and everyone has a price. If you can live comfortably within this structure, the more money you have, the happier you will be...

    As for myself, SHOW ME THE MONEY! I know what t do with it!

  • Posted By: ILustLollipops @ 10/25/2007 11:27:47 AM

    I believe in some ways, money does buy happiness. Temporary happiness. I know that buying a home and having a car makes me happy. Knowing I am financially able to go out and do the things I like to do makes me happy. Being able to take trips to see friends in different states and cities makes me a happy person. I also believe that if it were just me and my fiance and we had nothing at all, we'd be happy that we at least have each other, yet we'd still have alot of tension built up because the stress of living life with bills and not being able to afford to pay them or go out, can be really hard. I know when I was a young girl, growing up we were poor. We rented a home and we lived paycheck to paycheck. But I had a wonderful family, and we had so much fun and had family gatherings and it was wonderful. I did not realize we were so poor because I was so happy the way we were. I've never been one to follow trends, and I am perfectly content shopping at Walmart even though I bring in 100K a year. I think happiness is definately a mind-set, but money is important also. I wouldn't be happy if I were in debt, cold, and hungry.

  • Posted By: LaurenBecall @ 10/23/2007 6:47:21 PM

    being happy is a choice and a state of Mind. when I was in highschool I was not aware that I was just middle class on the brink of lower middle class. I was just happy to have friends and walk to school. when I became older I realized how many rich people went to my school and I realized I did not know how much poorer I was then them. I was happier when i didn't know my best friend was mexican and I was poor no offense her family was really rich. but I did not know she was different then me. Man do I miss being that niave.

  • Posted By: spignardo @ 10/15/2007 4:52:12 AM

    Enter Your Comment

    • Posted By: hoteldude @ 10/15/2007 1:44:54 PM

      I made $12 million in 4 years and now I'm making no income at all. It was better before.

      • Posted By: LaurenBecall @ 10/23/2007 6:43:44 PM

        only because you cannot fill your inner void with things any longer

    • Posted By: ArrogantApe @ 10/16/2007 11:23:52 AM

      The monk has no money under his name is happy about his material processions, but may not be happy with his spiritual achievement. Contentment or happiness may be achieved by eliminating your desires.

      • Posted By: LaurenBecall @ 10/23/2007 6:42:45 PM

        The Monk also doesn't work, has a roof over his head and food to eat. so yes I would be happy too!!!

Reply

Report Abuse

Enter comments if any for reporting abuse