Does Money Make Us Happier? Wellbeing is influenced by many things aside from income. Key points Some studies claim that money is associated with greater happiness. This blog re-analyzes one study with a "plain stats" approach. This analysis suggests money has only a small relationship with happiness. Money is important and necessary to some extent, but other things matter too. It is often easy to equate money with happiness and success. But does money buy us happiness? One study suggests it might. The author, Matt Killingsworth, claimed the study Some might take this study as evidence that money does make us happier. But while this study has value, it might be difficult for the average person to interpret: the article is replete with concepts like logarithms, slopes and z -scores—concepts which many are unfamiliar with. To help us get a better sense of what Killingsworth’s data really says, I want to To understand the data, we first hav...
Comments
Post a Comment