27 Mar Yet another, but this time well balanced article on money and happiness
Money does not buy happinessê¢__‘Ô_
There’s been a great deal of media coverage recently about whether or not money can make you happy, much of it inconsistent or unclear. This article in the UK’s Telegraph on March 22, entitled “Money does not buy happiness” quotes research presented at the recent Royal Economic Society’s 2008 annual conference. It sounds very similar to the arguments put forward by Myers (2000), Diener and Oishi (2000) and others – that income has increased significantly over the past few decades but that wellbeing has not.
The devil is in the detail though – the researchers Fiaschi and Romanelli didn”t specifically measure happiness or well-being as Positive Psychologists know it, they quantified the welfare of 100 countries using per capita Gross Domestic Product, life expectancy and expected growth rate of income. Precisely because happiness is subjective is it likely we”ll find a definition of it which suits everyone, including the media?
Maybe money does by happiness! Sort of…
To read the full article – click here