Money, Happiness, And Friends
Posted by Michelle Moquin on 28th December 2010
Good morning!
Happiness ‘is about earning more than your friends’
Money doesn’t buy happiness – unless you earn more of it than your friends.
A study of life satisfaction in dozens of countries found that contrary to popular perception, economic growth doesn’t bring with it a corresponding long-term rise in happiness.
It found that while people may feel more positive in the short-term, the shine quickly wears off.
Can money buy happiness? For a short while and if you have more than your friends, according to new research.
However, within an individual country, the rich are happier than the poor.
This implies that what matters is earning more than others, not the actual amount earned, the journal Proceedings of the National Academy of Sciences reports.
The theory was first coined in the 1970s by U.S. researcher Richard Easterlin and became known as the Easterlin Paradox.
With several recent studies challenging his conclusions, Professor Easterlin set out to see if the pattern still exists.
Family fortunes: Happiness and financial security can be directly linked, but not in the long term.
After crunching together figures from 37 countries around the globe including burgeoning economies such as China, South Korea and Chile, the University of Southern California professor said little had changed.
He said: ‘Simply stated, the happiness-income paradox is this: at a point in time both among and within countries, happiness and income are positively correlated.
‘But, over time, happiness does not increase when a person’s income increases.’
He added: ‘China’s growth rate implies a doubling of real per capita income in less than 10 years, and Chile’s in 18 years.
‘Yet both China and Chile show mild declines in life satisfaction.’
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Readers: What do you think about what this article states? I was just having a conversation with an old friend last night. He was telling me of his recent trip to Africa, and I was sharing my travels that I took with Doug to Nepal many years ago. I said to him that I found it very humbling, and quite moving to be in a country that had very little…to be sharing dinner with people in their home where they have one couch, a table and a poster on their wall…very little material objects, living in poverty, and yet filled with pride, joy and love.
The poorest person living in America is rich compared to the people we met in Nepal, and many other places in the world. And yet their state of happiness is so much greater.
Someone once said to me, “Your friends will only be happy for your success as long as it doesn’t surpass their own.” I have had a debate over the years with several people who don’t think that statement is true. But I have seen and experienced the reaction of people over my successes, and the success of others who have surpassed their friends in the income arena.
When everyone surrounding you, including all of your friends and family have as little as you, as I discovered in Nepal…where there is no competition to “have more”, to “achieve more”, and where there are no promises of “anything more”…where spirituality, community, and connectedness holds a greater value, than frivolous material needs, people are actually more satisfied and happy.
We in America are filled with the promise of more – we have these continually dangling “carrots” in our faces of what life could be like if we had more money. Promises of wealth all over the television, magazines, etc., and people/friends who do have more money flaunt it to their friends that don’t, in essence saying, “I am more successful than you. I make more money than you. I can buy things, do things, go places etc., that you can’t.”
So yes, I do think that for many “happiness is earning more than your friends.” Would very wealthy people be just as happy if everyone else was just as wealthy? I don’t think so. Otherwise they would help people reach a greater wealth status instead of the norm of the very wealthy trying to keep it for them and theirs and continually preventing others from getting a chance at achieving a fair share. Racism aside. The Tax Law comes to mind here.
Or ask this: Does their money make them happy, or does it make them happy because they have great wealth and so many don’t, giving them an edge above others? Do you think that if everyone were equally rich, money would be a factor in their happiness? I don’t think so. So the same could be true if you and everyone around you were poor, and there were no promise of anything more.
That’s my thoughts. What are yours? Blog me.
Doug: I always enjoy reading your thoughts and take on the subject matter.
Zen Lill: Your drama sounds crazy. I HOPE that you really are okay.
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Lincoln: What a lovely comment to read. I do know that there are men out there who do value their females; I just wish that it was more prevalent and worldwide. Sadly, from what I have seen and experienced myself, men unfortunately realize the value of their woman when it is too late. I am happy to hear that you acknowledge, appreciate, and value your wife now. And no doubt she experiences the value that you see in her through your actions. Congratulations on your successful marriage. I wish the best for both of you.
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Got to run…
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
Gratefully your blog host,
michelle
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