Posts Tagged ‘Rich’

The Secrets To Happiness

Tuesday, August 19th, 2008

Daniel Gilbert, PhD, a Harvard psychologist, says that Americans do a tremendous amount of “miswanting.” We keep wanting things that will never make us happy. For example, practically everyone wants to be rich and thin. Yet, he points out, studies show that having enough money for the basic necessities of life–food, clothing, and shelter, which cost maybe $40,000 a year–is all we really need for happiness. The effect of the next $10 million is negligible.

This tells us that although we fervently believe that something we can touch, like piles of cash or cellulite-free thighs, is going to light up our hearts, the truth is that we usually don’t know what will make us happy. Worse, we don’t know that we don’t know, so we ardently pursue the wrong things.

Click here for the full article.

I think relationships provide an excellent example of miswanting.  Have you ever longed for or loved someone who actualy made you miserable?  I bet you have, or know someone who has.

Take as an example Philip*, whose girlfriend is hated by all his friends because she only uses Philip for his money, or Sonia*, whose boyfriend regularly cheats on her and verbally abuses her.  But Philip and Sonia say that they love their girlfriend and boyfriend, and want to remain with them, regardless of the misery these relationships cause.  I would call this miswanting - they desperately want and pursue someone who, ultimately, will not make them happy.

-MJ

*Names and situations are fictional.

The Economics of Happiness, Part 6: Delving Into Subjective Well-Being

Friday, April 25th, 2008

The Gallup World Poll asks an amazing battery of questions about the subjectively-experienced lives of people across the globe, and hence offers an unparalleled opportunity to contrast the subjectively-experienced lives of those in rich and poor countries.

This chart is my personal favorite, showing the proportion of people in each country who report having smiled or laughed a lot the previous day. Higher levels of economic development are clearly associated with more smiles and laughter. But equally, there are a lot of exceptions to this rule, and plenty of puzzles.

Laotians are more likely to smile than anyone else, and the Irish appear to have earned their national reputation as jolly japesters. My own country, Australia, comes in as the 29th of the 131 countries in the Smile Stakes, while the U.S. is a disappointing 45th.

Click here for the full article.

Crib Sheet: Your Guide To Money and Happiness Studies

Wednesday, April 16th, 2008

 

Confused by recent headlines about money and happiness? Here’s a quick cheat sheet summarizing recent academic studies on the link between the two. Click on the links below to read summaries of the studies.

Plus, see full coverage of “Making the Move for Money.”

 Relative income and happiness

 Would you be happier if you were richer?

 Money and income: a correlation, not a cause

 Money and the blues

Click here for the full article.