Does money buy happiness?

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siuyuin

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Oct 14, 2010, 2:09:41 PM10/14/10
to Happiness
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http://www.google.com/hostednews/afp/article/ALeqM5ifI7wKHXFGL9t7-2qeGhO1th6BCA
"Up to 75,000 dollars, money buys some happiness: study

(AFP) – Sep 8, 2010

Money does buy happiness, or something close to it, but the effect
diminishes above incomes of 75,000 dollars a year, according to a new
study released this week based on a survey of Americans.

The research by Princeton University's Daniel Kahneman, a 2002 Nobel
economics laureate, and colleague Angus Deaton, concluded that up to a
point, people's "life evaluation" and emotional well-being increased
with higher incomes."
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This research was also reported in Time Magazine.

http://www.time.com/time/business/article/0,8599,2016291,00.html

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I was quite disappointed that this research was done by Kahneman.
He's sort of a hero to me for his work on behavioural economics. And
now alas, his name might be attached to this silly US$75,000 label as
a benchmark for happiness for Americans.

-----------

Here's a write-up in Huffington Post on Kahneman's talk at ted.com.

http://www.huffingtonpost.com/2010/06/04/daniel-kahneman-nobel-pri_n_601236.html

An interesting take on happiness from the perspective of psychology.

----------

There was a blog in the NYTimes mentioning the findings of this
research.

http://bucks.blogs.nytimes.com/2010/09/27/the-odd-relationship-between-money-and-happiness/?scp=1&sq=happiness&st=cse

The blogger concludes that happiness is a little more complex than
just dollars and cents.

He makes reference to another blog

http://blog.frankchimero.com/post/1186062148/our-relation-to-happiness-often-betrays-an

----------

I'll leave you with a quote from Adam Phillips (as quoted by Frank
Chimero) article on the happiness myth.

http://www.guardian.co.uk/books/2010/sep/04/adam-phillips-the-happiness-myth


"Our relation to happiness often betrays an unconscious desire for
disillusionment. The wanting of it and the having of it can seem like
two quite different things. And this is what makes wishing so
interesting; because wishing is always too knowing. When we wish we
are too convinced of our pleasures, too certain that we know what we
want. The belief that we can arrange our happiness – as though
happiness were akin to justice, which we can work towards – may be to
misrecognise the very thing that concerns us."

-----

siu yuin

Kevin Lai

unread,
Oct 14, 2010, 11:40:05 PM10/14/10
to happin...@googlegroups.com
haha from what i've read .... 
"Money buys the experience that leads to happiness - be it time to spend together with family and friends over holidays and dinners etc" 

Key word is experience. (and the time to experience it) 

money alone can't buy happiness - in gadgets, stuffs (bigger house , faster car , more yachts etc) 

But guess what - the experience that you get that you can centre around say your home - without the stress of finances etc - that buys you happiness :) but only if you throw in the experience of the people , love , laughter .

A big lonely house probably causes more stress and unhappiness :P 

Santhosh

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Oct 17, 2010, 7:12:57 AM10/17/10
to Happiness
"Happiness" is an expression in every human and I believe that money
cannot help humans to derive happiness.
Money being a medium of transaction, of course it may help me to feel
happy when I spend money to get something which I like.
as Kevin when I have enough money go spend with my family, it gives me
happiness...

I would be happy if I have enough money to travel home every
weekend :) . In this case, money doesn't give me happiness, I would
feel happy as because I get a chance to be with my family and money
just acts a factor to it.

"More money buys more happiness for the poor and more headaches for
those who already have too much"

It is good to have money and the things that money can buy, but it's
good too, to check up once in a while and make sure you haven't lost
the things money can't buy. - George Lorimer

On Oct 15, 11:40 am, Kevin Lai <kevla...@gmail.com> wrote:
> haha from what i've read ....
> "Money buys the experience that leads to happiness - be it time to spend
> together with family and friends over holidays and dinners etc"
>
> *Key word is experience. (and the time to experience it) *
>
> money alone can't buy happiness - in gadgets, stuffs (bigger house , faster
> car , more yachts etc)
>
> But guess what - the experience that you get that you can centre around say
> your home - without the stress of finances etc - that buys you happiness :)
> but only if you throw in the experience of the people , love , laughter .
>
> A big lonely house probably causes more stress and unhappiness :P
>
>
>
> On Fri, Oct 15, 2010 at 2:09 AM, siuyuin <sypa...@e.ntu.edu.sg> wrote:
> > ----------
>
> >http://www.google.com/hostednews/afp/article/ALeqM5ifI7wKHXFGL9t7-2qe...
> > "Up to 75,000 dollars, money buys some happiness: study
>
> > (AFP) – Sep 8, 2010
>
> > Money does buy happiness, or something close to it, but the effect
> > diminishes above incomes of 75,000 dollars a year, according to a new
> > study released this week based on a survey of Americans.
>
> > The research by Princeton University's Daniel Kahneman, a 2002 Nobel
> > economics laureate, and colleague Angus Deaton, concluded that up to a
> > point, people's "life evaluation" and emotional well-being increased
> > with higher incomes."
> > ----------
>
> > This research was also reported in Time Magazine.
>
> >http://www.time.com/time/business/article/0,8599,2016291,00.html
>
> > ----------
>
> > I was quite disappointed that this research was done by Kahneman.
> > He's sort of a hero to me for his work on behavioural economics.  And
> > now alas, his name might be attached to this silly US$75,000 label as
> > a benchmark for happiness for Americans.
>
> > -----------
>
> > Here's a write-up in Huffington Post on Kahneman's talk at ted.com.
>
> >http://www.huffingtonpost.com/2010/06/04/daniel-kahneman-nobel-pri_n_...
>
> > An interesting take on happiness from the perspective of psychology.
>
> > ----------
>
> > There was a blog in the NYTimes mentioning the findings of this
> > research.
>
> >http://bucks.blogs.nytimes.com/2010/09/27/the-odd-relationship-betwee...
>
> > The blogger concludes that happiness is a little more complex than
> > just dollars and cents.
>
> > He makes reference to another blog
>
> >http://blog.frankchimero.com/post/1186062148/our-relation-to-happines...
>
> > ----------
>
> > I'll leave you with a quote from Adam Phillips (as quoted by Frank
> > Chimero) article on the happiness myth.
>
> >http://www.guardian.co.uk/books/2010/sep/04/adam-phillips-the-happine...
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