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(The Week)   It turns out money can buy you happiness. Huh, who knew?   (theweek.com) divider line 74
    More: Obvious, least developed country, Matthew Yglesias, personal incomes, gross domestic products  
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6729 clicks; posted to Main » on 02 May 2013 at 9:58 AM (50 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-02 08:20:51 AM
I would actually say it just makes misery easier to deal with
 
2013-05-02 08:26:45 AM
I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.
 
2013-05-02 08:28:27 AM
How much does it cost?

"Oh, about tree fitty"
img.photobucket.com
 
2013-05-02 08:34:18 AM
If one can find a good balance between having a large amount of money, keeping it, and the desire to make more without falling into greed, then I imagine having money can buy a lot of happiness.

Being rich can rid you of a lot of problems, such as worrying about healthcare, retirement, debt problems, and so on.
 
2013-05-02 09:11:47 AM
images1.wikia.nocookie.net

If money can't buy happiness, I guess I'll have to rent it!
 
2013-05-02 09:38:21 AM
I don't need to be rich, I just need to make enough so that I can fix my truck if it breaks down or buy some new clothes every once in a while. I've re-sewn so many goddamn clothes....
 
2013-05-02 10:03:22 AM

EvilEgg: I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.


Cythraul: If one can find a good balance between having a large amount of money, keeping it, and the desire to make more without falling into greed, then I imagine having money can buy a lot of happiness.

Being rich can rid you of a lot of problems, such as worrying about healthcare, retirement, debt problems, and so on.


CapeFearCadaver: I don't need to be rich, I just need to make enough so that I can fix my truck if it breaks down or buy some new clothes every once in a while. I've re-sewn so many goddamn clothes....


All of these, QFT.
 
2013-05-02 10:06:43 AM
Mostly it would hide me away from the things that generally make me miserable or keep me busy enough so that I don't notice.
 
2013-05-02 10:09:46 AM

EvilEgg: I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.


I always though that the threshold was somewhere around 20% more than whatever I make.
 
2013-05-02 10:11:30 AM
I'm generally very happy, except with not being rich, so for me it absolutely would buy happiness.
 
2013-05-02 10:12:25 AM
Well, first off it stops you from worrying about not having enough money.
 
2013-05-02 10:13:12 AM
No, it can't buy you happiness.

However it can allow you to rent it :D.

And actually, while Weird Al and I jest about that, there's some truth in it as shown in terms of diminishing returns after you make a certain amount. Money can help with happiness up to a point, in that it removes worries about basic needs, lets you live a good life. After that, it doesn't really do so much. So you can't get a magic amount and just "buy" your happiness. However if you make enough you can pay for all those repeating things that will make you unhappy if you can't.

Or in chem terms: A certian amount is a necessary but not sufficient condition for happiness.
 
2013-05-02 10:13:29 AM
They say that money
Can't buy love in this world
But it'll get you a half-pound of cocaine
And a nineteen-year old girl
And a great big long limousine
On a hot September night
Now that may not be love

But it is all right

One, two
It's Money That I Love
Wanna kiss it
Three, four
It's Money That I Love
 
2013-05-02 10:15:40 AM
 
2013-05-02 10:16:10 AM
www.rottenecards.com
 
2013-05-02 10:16:11 AM
24.media.tumblr.com
 
2013-05-02 10:16:27 AM
The real question is how much money do you need to buy happiness? Which I'm sure varies from person to person. Honestly, time is a more precious commodity to me than money will ever be.
 
2013-05-02 10:16:40 AM
As Slate's Matthew Yglesias points out, the charts use a logarithmic scale, which shows that a given percent change in income produces a fixed change in happiness, regardless of the original income level. For instance, a doubling of wealth produces the same percent change in happiness whether that initial income is $1,000 or $1,000,000.

So in terms of straightforward dollars and cents, it's still a pattern of diminishing returns.

And to describe this as finally having empirical evidence that disproves some dude's mere theoretical speculation is simply untrue. Look up the work of Ed Diener and David Myers on income and happiness. There is over a decade of empirical research out there that DOES show a levelling-off effect.
 
2013-05-02 10:17:02 AM
Who knew? People with money.
 
2013-05-02 10:18:36 AM
Money could always buy happiness. Can't buy me love.

You could buy a diamond ring my friend if it makes you feel all right.
It'll get you anything my friend
If it makes you feel all right. But I don't care too much for money. Because money can't buy me love, everyone tells me so. Can't buy me love.
 
2013-05-02 10:19:59 AM
Money may not be able to buy happiness, that's true.

You know what else can't buy happiness? Poverty.
 
2013-05-02 10:21:31 AM
It's like someone said:
Life is a shiat sandwich.  The more bread you have, the less the shiat bothers you.
 
2013-05-02 10:23:37 AM
I still live with my parents.  At 34.  Yes, in the basement, but it's a walk-out.  I deliver pizzas.  I am the happiest guy on the planet.  I have a learning disability.  I vote Republican.  I know Obamacare is going to destroy the nation.
 
2013-05-02 10:25:38 AM

EvilEgg: I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.


Diminishing returns or not, I've been a lot happier since I quit flying commercial few years ago, if you want to talk about control and self direction ;-)
 
Ant
2013-05-02 10:27:31 AM
Money buys you more control over the direction of your life, which, in turn, buys you happiness.
 
2013-05-02 10:31:49 AM

Rhino_man: EvilEgg: I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.

Cythraul: If one can find a good balance between having a large amount of money, keeping it, and the desire to make more without falling into greed, then I imagine having money can buy a lot of happiness.

Being rich can rid you of a lot of problems, such as worrying about healthcare, retirement, debt problems, and so on.

CapeFearCadaver: I don't need to be rich, I just need to make enough so that I can fix my truck if it breaks down or buy some new clothes every once in a while. I've re-sewn so many goddamn clothes....

All of these, QFT.


These.

I came to say the 75k thing, but the others are equally relevant. Once you have enough to cover all the necessities with some left over for toys, most people are pretty happy. More money just buys toys with bigger price tags - but not necessarily more happiness.
 
2013-05-02 10:32:22 AM
ha just got a nice 6.5% cut from my paycheck for Texas ERS and I'm pretty pissed. I budgeted perfectly on my O.K. income to have enough to eat out or drink maybe once a week with friends (groceries provide the bulk of  my eating since eating out gets expensive). Now that the 6.5% is in effect I'm pretty upset that I'll have even less to blow/save (mainly save). Money would greatly reduce the amount of stress I have with worrying about bills or being able to buy something for myself a few times a year and not struggle in between...but happiness? It buys stress relief. Happiness is relative I suppose. God I hate my governor...
 
2013-05-02 10:33:00 AM
I don't know if money can buy happiness or not, but I'd damn sure like to find out.

/I'm po'.
//My family's po'.
 
2013-05-02 10:39:32 AM

tennessee.hillbilly: I don't know if money can buy happiness or not, but I'd damn sure like to find out.

/I'm po'.
//My family's po'.


You would be dead in 5-10 as you did all the farking drugs your heart could handle.
 
2013-05-02 10:40:04 AM

Private_Citizen: Rhino_man: EvilEgg: I thought the threshold was somewhere around $75K, after that money doesn't buy you any more happiness.

After that more happiness is bought by a sense of control and self direction.

Cythraul: If one can find a good balance between having a large amount of money, keeping it, and the desire to make more without falling into greed, then I imagine having money can buy a lot of happiness.

Being rich can rid you of a lot of problems, such as worrying about healthcare, retirement, debt problems, and so on.

CapeFearCadaver: I don't need to be rich, I just need to make enough so that I can fix my truck if it breaks down or buy some new clothes every once in a while. I've re-sewn so many goddamn clothes....

All of these, QFT.

These.

I came to say the 75k thing, but the others are equally relevant. Once you have enough to cover all the necessities with some left over for toys, most people are pretty happy. More money just buys toys with bigger price tags - but not necessarily more happiness.


You also tend to get to the point where, without substantial amounts of additional income, you realize that More Toys == More Upkeep and More To Lose.  That's why people often hit the point where they have most of what they want, realize how unhappy they are, and decide to tackle it by removing things from their list of "wants".   Ten years ago I had extra money, stuff I wanted to get, and I was unhappy.  Now I'm flat broke, giving away or throwing things away that I don't need anymore, and I'm much happier.
 
2013-05-02 10:40:06 AM

Ant: Money buys you more control over the direction of your life, which, in turn, buys you happiness.


Too true.
I'm so tired of having to worry about each money hurdle on this treadmill.
It would be nice to pick my own path without the wolves at my heels.
 
2013-05-02 10:43:54 AM
I think there's more of a rush from increasing income than from having a high income. The movement of income feels awesome. I'm making 3x what I did out of college, but I was having more fun growing my career back then.
 
2013-05-02 10:44:33 AM
Money does NOT buy happiness.
/ This coming from someone who admits she makes too much for a monotonous , boring job. I realize maybe I don't have any right to complain as long as it pays the bills and then some , but doesn't mean I have to be happy about it.
 
2013-05-02 10:45:19 AM
Oblig:

"Money can't buy happiness?  It can buy a wave runner.  You ever see a sad person on a wave runner?" - Daniel Tosh
 
2013-05-02 10:46:47 AM

Sybarite: If money can't buy happiness, I guess I'll have to rent it!


Came for this awesome song, has town on its knobbly little knees
 
2013-05-02 10:49:36 AM
More like, money rents happiness.  Ya gotta keep making money to pay for the things that make you happy.
 
2013-05-02 10:50:07 AM
Got into a conversation here with a coworker and asked her, "If you won a huge lottery...?"

Her reply was epic: "Well, the FIRST thing I'd do is give every staff member of this place a million dollars and laugh as I watched what happened."

/She's my hero now.
 
2013-05-02 10:51:09 AM

Beerbarian: It's like someone said:
Life is a shiat sandwich.  The more bread you have, the less the shiat bothers you shiat you gotta eat.


FTFY

/sad but true
 
2013-05-02 10:54:36 AM
Personally. If it can't buy it, I'd like to at least have the money to give it a try.
 
2013-05-02 10:55:43 AM
Anecdote: my refinance is going through and my appraisal was more than expected so between the interest rate change and no more PMI I'm gonna save $400 a month.  That makes me happy as shiat.  Money won't necessarily make you happy, but it sure as shiat helps.
 
2013-05-02 10:58:23 AM
A comfortable living space and house with little to no problems will buy my happiness. My wife, 2 kids and I live in a 740sqft home, it is very cramped! We are moving in less than two weeks to a beautiful home we found,  1,300 sqft woohoo :)

/PS if you see a rental home and want to know some information before you talk to the landlord, I would recommend looking it up on Trulia. Sqft, build date, property tax information to get a ballpark on how much the home is worth. Good to know so you aren't getting fleeced by the landlord

/CSB I have a friend that lives in a very old house. I asked him about it and the landlord told him they built it when he was younger ~50 years ago, I knew that had to be a lie. I looked it up given that this property is right near where our town first started to develop... It was built in 1875 (when this town was 15 yrs old), and my friend won't believe me. He insists that the original home may have been built back then but it was tore down and this landlord rebuilt it with the exact same specs. $500/mo rent for a dilapidated house worth ~11k
 
2013-05-02 11:01:20 AM
Wheres the repeat tag subby.
 
2013-05-02 11:02:54 AM
Rich isn't about money, it's about not having masters above or slaves below.
 
2013-05-02 11:08:00 AM
I made a little under 75K in my late 20s. Now 31, I am currently making twice that. Money may not buy happiness, but it sure buys peace of mind, time, etc. My income:spending ratio hardly changed, least not in proportion to the difference in income, so it'll certainly provide me happiness in the years to come assuming I don't get hit by a bus or something.

Money or not I've had happiness in my life anyway, so I didn't even need to try to buy it.

Also +1 on the Weird Al reference.
 
2013-05-02 11:12:20 AM

Son of Thunder: As Slate's Matthew Yglesias points out, the charts use a logarithmic scale, which shows that a given percent change in income produces a fixed change in happiness, regardless of the original income level. For instance, a doubling of wealth produces the same percent change in happiness whether that initial income is $1,000 or $1,000,000.

So in terms of straightforward dollars and cents, it's still a pattern of diminishing returns.

And to describe this as finally having empirical evidence that disproves some dude's mere theoretical speculation is simply untrue. Look up the work of Ed Diener and David Myers on income and happiness. There is over a decade of empirical research out there that DOES show a levelling-off effect.


This.
 
2013-05-02 11:18:30 AM
And why are they so happy!!!

cdn.cnwimg.com
www.thailandfriends.com
d24w6bsrhbeh9d.cloudfront.net
 
2013-05-02 11:33:12 AM

Carn: Anecdote: my refinance is going through and my appraisal was more than expected so between the interest rate change and no more PMI I'm gonna save $400 a month.  That makes me happy as shiat.  Money won't necessarily make you happy, but it sure as shiat helps.


I did that and at the same time my company dropped health care.  So turned out to be a wash.  Would like to get ahead...just once.
 
2013-05-02 11:54:00 AM
i.qkme.me
 
2013-05-02 11:54:12 AM
"Money can't buy happiness, but it can buy you a big enough boat to pull up right along side it."
 
2013-05-02 12:02:55 PM

cartersdad: Carn: Anecdote: my refinance is going through and my appraisal was more than expected so between the interest rate change and no more PMI I'm gonna save $400 a month.  That makes me happy as shiat.  Money won't necessarily make you happy, but it sure as shiat helps.

I did that and at the same time my company dropped health care.  So turned out to be a wash.  Would like to get ahead...just once.


What a kick in the crotch.
 
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