Money can buy any kind of happiness

The relationship between money and happiness is complex, but new research shows that money can buy a kind of happiness.

Specifically, money can buy the number of times you feel happy. “We find that income is proportional to the frequency of happiness,” said scientist Jon Jachimowicz from Harvard Business School in the journal. Social Psychology and Personality Science December 2020.

Image: Finance Monthly.

To come to this conclusion, the team led by Jachimowicz surveyed 1,290 American adults about how often they felt happy (once a month, once a week, once a day, 2-3 times). a day or more 3 times a day) as well as the intensity of each happiness (very low, low, normal, high or very high “.

The volunteers then answered about their annual income and some demographic questions. The results show that people who make more money are happier than those who make less money.

According to the study authors, money is directly proportional to the frequency of happiness because high-income people easily perform many “leisure activities that promote happiness” such as socializing, exercising while income earners. They usually stay at home, watch TV, sleep and rest.

Data from the 2012-2013 Time Use Survey in the United States of over 20,000 people also found that those who make less money mainly participate in passive entertainment activities, and thus feel less happy.

“In general, income can lead to happiness, but it’s not about intense happiness, but the number of times you feel happy,” the authors conclude. However, whether money can buy other forms of happiness remains an open question.

Previously, scientists around the world have conducted many studies on the relationship between money and happiness, but the conclusions are very different. For example, a 2010 study by Princeton University (USA) found that high income is related to the level of life satisfaction in general. In 2019, research from Martin Luther Halle-Wittenberg University found that wealth only affects about 1% of human happiness.

Thu Nguyet (According to the Psychology Today)


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