When Does Money Make Us Feel Good?

In 1974, a University of Pennsylvania economist concluded that there was a happiness plateau. Yes, we feel increasingly good as our income grows. But not beyond $75,000. Called the Easterlin Paradox, even if your earnings continue upward, they don’t bring…

August 2018 Friday’s e-links: From Rotten Tomatoes to Kidney Bean Tariffs and Cats

Last updated 8/31/18 Every once in a while, (and sometimes each day) I listen to a great podcast, enjoy an article, or see a good video that I want to share with you. I like to think of them as…

What If Everyone Worked Less?

After an experiment at a Swedish nursing home, some people are saying that “less is more.” Where are we going? To the work/life balance. The Swedish Experiment Researchers wanted to find out if less time at work created more productivity.…

The Happiness Gap Between Parents and Non-Parents

Although highly educated women have started having more children, academic studies indicate that children do not necessarily help our subjective well-being.

Monkeys, Economics and Happiness

Behavioral economists might be able to explain our response to income inequality. In a paper on money and happiness, economist Richard Easterlin initially asks the reader how she feels if her income rises. Then he asks how she reacts when…

A Happiness Check

The jobs, income and wealth scene is a bit bleak. Unemployment has soared, many workers are earning less, the government owes a ton of money, the stock market has been down, up, and down again, housing prices have plummeted and…

Which College Majors Earn More?

Although the unemployment rate is 9.2% for the entire labor force, it is 4.4% for college grads (and 10% for high school graduates, no college). But which college graduates earn more? It depends on your undergraduate major. Counseling psychology or…

Money and Happiness

It is possible, after all, that money can make us happy. A recent Brookings paper from 3 University of Pennsylvania researchers concluded that people experience greater “subjective well-being” or life satisfaction when they are more affluent. Comparing rich and poor…

More About Money and Happiness

If you want to know whether money relates to happiness, you might first decide what makes you happy. A Gallup World Poll of 136,000 people in 132 countries from 2005-2006 focused on 2 variables: “life satisfaction” and “enjoyment of life.”…

The GDP and Happiness

Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some…