Apparently Money Does Buy Happiness

In the past few months, Princeton University, the University of Michigan, and the Brookings Institution all published research related to the correlation between happiness and money. Their conclusion: money does generally make people happier. These institutions are butting heads with the common notion that making more money does not make someone a happier person. To be more precise with the results, making more money does not necessarily make you happier, it just makes you feel more fulfilled in life and better able to handle things.

Princeton was even able to mark it to a specific amount of income that makes people more satisfied: $75K/year. The research does not mean these people who make $75,000 or more are always more happy on the day-to-day aspects. Rather, it supports the belief people feel more satisfied with the way their lives are going. People who made $75,000 or more each year were better able to mentally (and perhaps financially) take on adversities and challenges they faced ranging from health concerns such as asthma or a major event, like divorce. Apparently this applies to countries too. Wealthier countries’ populations were, as a whole, apparently happier compared to the populations of financially struggling countries.

All in all, this research suggests that going to the University of Wyoming to increase the chances you make more by the end of your life will actually make you feel more fulfilled and, perhaps, be able to enjoy life a little more.

 

– John Ringenberg

Bison Run ALA

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