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so we've been talking for awhile about this idea that
more money doesn't make people happy and we talked about this a little bit
surrounding the powerball winners from last week and i actually wrote my
graduate research research paper on the correlation between money and happiness
which showed a couple of different things but most interestingly that money
and happiness and to correlate but only up until about ten that the equivalent
of ten thousand u_s_ dollars which i guess now with inflation would be eleven
or twelve thousand u_s_ dollars and that beyond that happiness doesn't really
increase with more money there's now
a new study which points out something else which is yes
having more money in and of itself
does not buy happiness
there's a new study from the american psychological psychology association
which shows
that there is one way that money can buy happiness lewis and that is
small
but steady increases in the car and exit of the words
having more buying power in the absolute does not appear to make people happier
but the idea
that from a year to year
they are making progress and increasing their income actually does seem to be
connected to happiness in this is across the hundred and thirty five countries
this is from two thousand five
two twenty eleven
and this is based on over eight hundred thousand people
that uh... once you basically have food shelter
and basic in needs covered
the way to be happier
at least when it pertains to money we know there are a lot of non-monetary
ways to increase happiness is just feeling like you're making a little more
every year feeling like you're making progress this actually does make a lot
of sense to me
right i mean it it's kind of
i mean a
there's the sense of advancement and of uh...
bettering yourself and i think that
fits with that but at the same time it's also kind of like winning uh... like
thousand bucks on a lottery ticket right right you like a look at this ok i get a
little something extra happiness right so you're happier because you of the
immediate win but the actual consumption increased that the cows and dollars
uh... uh... allow is
does not actually make you happier right anywheres often the only yes
maybe what we're saying is if you could win the lottery every single year that's
the key to happiness i don't know
when a small amount of money every year you had it with your with your thought
on this in time
you know there's also other studies that show that
uh... people's satisfaction at their job in terms of money has very little to do
with the actual amount that they that they uh... make and more to do with how
much they make in comparison to their colleagues right well that's more of a
micro analysis i think the idea here was let's look across all countries and for
people of bearing buried income levels et-cetera certainly
for people who
if you take this many specific examples where
if you take someone who makes
fifty thousand who makes a hundred thousand dollars where their colleagues
make a hundred and twenty five
versus someone who makes eighty thousand dollars when their colleagues make forty
thousand dollars the person making twice the average in their data from their
surroundings is actually way happy bright we've seen over that so a little
bit of a different houses i think
but uh... in both cases it's not the absolute number
that used to producing the happiness absolutely relationship that has with
your status quo with the people around the perfect and i think that that's
really what we're getting a indeed
they kill new