Word: moneys
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...Beatles sang that money can't buy you love. But what about happiness? Research consistently shows that the more money people have, the more likely they are to report being satisfied with their lives...
...that makes sense: money buys you things that make life easier and more satisfying; the easier your life, the happier you tend to be. That relationship isn't entirely linear, since there's a limit to how much wealth can please you; the happiness benefit of an increasing income is especially powerful among people who don't have much money to start with, and diminishes as wealth increases. But studies also reveal that as average income levels have risen over time - in the U.S. and European nations, for example - residents of those countries have not reported being any happier than...
...individual people evaluate their income. What does wealth mean to people? Previous work has suggested that people tend to value their own wealth more - and are happier - when it compares favorably to everyone else's. The so-called reference-income hypothesis holds that it's not simply how much money you make that contributes to satisfaction, but how much more money you make than, say, the national average. The higher your salary than the norm, the happier you tend to be. That could explain in part why populations as a whole do not experience sunnier dispositions with economic growth, since...
...include an analysis of which ranking scales were more powerfully associated with satisfaction - that is, whether you are happier or not if you make more than your neighbor or if you make more than others in your profession - but that's the next step in the research. Money may not buy you love but it may be enough to purchase status - and a little bit of happiness...
...want to align our sense of what is most important to us with what we think we can raise money for,” Faust said...