Money also buys you charity... like being able to commission and sponsor your very own pilgrimage/charity thing to Africa. Long story short, it can you smiles from children.
Meanwhile, the "poor" people have to compete to get a spot on one of those teams to "make a difference".
Disagree, it depends on the person. Some people are not happy with just their basic living needs fulfilled. You may not require money to make you happy, but having millions would definitely make you MORE happy for at least a period of time. So can money buy happiness? I think for most people, like 90% or more, it would make them happier for at least a period of time, so yes it could buy them happiness for an indefinite period.
That old man in Kenya probably never had anything to begin with and has been around people his whole life that never had anything themselves. You can't miss what you never had, but if this Kenyan grew up a rich man and then everything was taken away, I guarantee he wouldn't be sitting beside the road happy after losing all his money and knowing what he can't do now because of having no money.
Of course it does. The only people who say it doesn't are those without money or the ability to make much. It is not that money actually buys happiness directly but it reduces or eliminated most problems which will contribute immensely to someone's mental state. Being able to spend money to solve problems is a nice position to be in, period. Of course there are those rich people that are miserable but that has more to do with their own flawed character than anything else. Some people are just going to be miserable.
http://www.mymoneyblog.com/happiness-is-earning-60000-a-year.html
Below 60,000 dollars a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. I mean Ive rarely seen lines so flat.
Clearly money does not buy you experiential happiness, but lack of money certainly buys you misery, he said. But the real trick, Kahneman said, is to spend time with people you like.
If a family of four only made $60k a year it seems to me that they may be rather unhappy at times.I was about to post this. Of course $60k a year with health insurance is more than the vast majority of the world's population will ever make.
Have you ever seen a sad person on a WaveRunner?
