Monday, July 23, 2012
Happiness: Post #5 - Money
Happiness and Money: While there’s been research to suggest that money makes little difference if you’re a middle class earner, Diener reports a German study that shows that happiness seems to increase with more money but with some important caveats. Your attitude toward money makes the difference. Rich folks spending beyond their means actually can feel poor. And less affluent people staying in a budget often feel well off. Materialists are far less satisfied than people who value friendships, love and worthy pursuits. Some theorists suggest that spending money on experiences (memorable vacations with the family) rather than on “things” like expensive cars or clothes will lead to better feelings of happiness. Finally, I quote the authors: “It’s important not only to spend money wisely but also to earn it wisely as well.” Great advice.