Money can't buy you happiness, though it will get you 2/3 of the way

Erly By Erly, 12th Aug 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/2g57pfhx/
Posted in Wikinut>Money>Money Saving Tips

This article reminds us that money cannot buy happiness,but it is the source for happiness.

Money can't buy you happiness, though it will get you 2/3 of the way

Money can't buy you happiness, though it will get you 2/3 of the way.
The correlation between wealth, as measured by gross domestic product (GDP) per capita and happiness is clear, though not nearly as clear as you might expect.

The report concludes from the results that "GDP per head alone explains some two thirds of the inter-country variation in life satisfaction, and the estimated relationship is linear." Only two-thirds!

If you read some researches, you'll know that the world's richest countries score highly, but not in the top category. The United States and Germany, two of the world's economic powerhouses, tied for 16th place; Japan ranks way down at 25th. Britain and France score even worse.

The Middle East offers some great lessons on money and well-being. The region scores poorly in general, with two exceptions. Democratic and developed Israel, which is about as rich per person as the European Union average, ranks 20th.

But the top-ranking country in the region, at 18th, is the oil-rich United Arab Emirates. Even more telling, though, is the gulf between the U.A.E. and Saudi Arabia, which for all its oil money scores much lower, perhaps due in part to problems such as repressive laws or a lower human development index.

Tags

Live Within The Means, Luxury In Life, Money, Moneyful, Save For The Rainy Days, Survival

Meet the author

author avatar Erly
Finished two graduate courses and one post graduate course.I can write technical reports, poems,news,love stories,technology and business-related topics

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author avatar Sivaramakrishnan A
12th Aug 2014 (#)

I am reminded of a story - when given a boon 1. immeasurable wealth that come with unhappiness 2. no wealth, but eternal happiness. The choice was tough and many opted for the first - give all the money and we will buy the happiness! siva

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author avatar Erly
13th Aug 2014 (#)

Thanks for your great thoughts and share .Cheers!!

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author avatar Erly
13th Aug 2014 (#)

Money is a facilitator of happiness, but in the right way hehehe.

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