Money doesn’t buy happiness – or maybe it does ????
A large income is the best recipe for happiness I ever heard of. ~ Jane Austen
Money doesn’t buy happiness – or maybe it does ???
This is a question that has been on my mind, because I have noticed a widening chasm between the happiness of the “haves, and those that have less”. People who are comfortable financially and are financially stable seem to be MUCH happier than those who are not, they seem unscathed from the stress of these difficult times. Is their money like an invisible shield that keeps unhappiness at bay?
As the middle class dwindles, and the overall happiness rating in the US drops, I wonder if happiness will be reserved for the 1% of our country OR will we be challenged as a society to redefine happiness?
There is no doubt that across the board a desire to be happy is prevalent in not just the US, but in our Western culture, and a happy life is very much the preferred life. People who are considered successful, have influence, economic power, stability and tend to be happy.
In a study conducted in Britain, by the Institute of Economic Affairs called “The Pursuit of Happiness”, determined a direct correlation between happiness levels and the amount of wealth a person has accumulated. The study goes as far as to say that CASH can make us happy – and that CASH, is the most important factor in a person’s happiness.
Another study conducted at Princeton, goes as far as to claim that the threshold in the US for happiness is a $75,000 household income (even in high-cost cities), the study analyzed information gathered from 450,000 responses to the Gallup-Healthways Well-Being Index (GHWBI).
Money is human happiness in the abstract; he, then, who is no longer capable of enjoying human happiness in the concrete devotes himself utterly to money.
~ Arthur Schopenhauer
The big question is - Does happiness lead to success or does success lead to happiness?
In a study by LYUBOMIRSKY, KING, AND DIENER they actually evaluated the success of happy people, and concluded that happiness DOES lead to success. This makes total sense – who wants to deal with a miserable person with a gloomy outlook? I see this in sales all the time – people who are top performers in sales tend to be the happy ones.
A new way to measure a country’s success?
In the past 100 years, our world has become increasingly focused on the correlation of success = money = happiness. Even the way we measure the success of a country is based on their economic well being, and although the tiny country of Bhuttan may have invented the term “Gross National Happiness”, the governments of major economies including France and Britain, are coming up with measurements that may revise the meaning of success to include other criteria. Some of these measurements are based on studies like the Compendium of OECD well-being indicators which is an attempt to evaluate “well being” in developed economies, and takes into account factors like health, education, political freedom, housing and safety. The study helps provide a better measurement for the quality of life, inequalities that may exist amongst certain segments of the population, and how to provide better policies.
Check out this interesting interactive index which allows you to compare countries and criteria from the newly published report How’s life? Measuring well-being
Happiness in the US
In the US, where we are consistently ranked poorly on work-life balance, there seems to be a move by companies to consider the well being and happiness at the work place – all in the name of increasing productivity of course. But I don’t know of any company that is doing anything significant in this regard, I did find a list of the 50 Happiest Companies for 2012, you will be surprised by some of the organizations on this list!
Of course, there are a few outliers like Zappos, Google, Facebook etc, but you don’t hear of any “happy employee” initiatives from major corporations. It is nice to think that one day there could be a Chief Wellness/Happiness Officer in the C Suite ….
I believe that being happy is in fact part of being successful, the road to true happiness is to focus on what makes you happy in the moment not on attaining it in the future. Living in the moment with an open and happy heart can open our minds to opportunities at work and in life to attain more of what we want. It’s recognizing and taking these opportunities that will lead to success.
The successful and happy ones dance lightly with life.
~ Jonathan Lockwood Huie
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