#411 Does Money Buy Happiness (New Research Say No)
Happiness Podcast
Dr. Robert Puff, Ph.D.
4.4 • 920 Ratings
🗓️ 30 December 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
Does Money Buy Happiness (New Research Say No)
A recent research study found that people are happy even in more impoverished areas. More importantly, people are more content in these places than in more affluent areas in the same countries. In other words, "happiness is not in principle related to economic outcome." More critical to happiness are feeling safe, spending time in nature, and living in a supportive community.
McGill University. (2021, February 8). Happiness really does come for free: People in societies where money plays a minimal role can have very high levels of happiness. ScienceDaily. Retrieved December 19, 2022 from www.sciencedaily.com/releases/2021/02/210208161922.htm
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Transcript
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| 0:00.0 | Welcome to the happiness podcast. I'm Dr. Robert Puff. We've all heard it said |
| 0:09.3 | perhaps countless times that money can't buy happiness. But how many of us I wonder really believe that? |
| 0:18.0 | And I think this comes out in many ways throughout our day. We see someone having a nicer car than we do and we think if I had |
| 0:27.5 | that I'd be happy. We hear on the news how someone won a hundred million dollars in the lotto and we think if I won that I'd be happy. |
| 0:38.5 | We see on social media one of our friends purchasing a new home that's just beautiful and we think, wow, if I had that, all would be well. |
| 0:50.0 | And yet we keep hearing that money doesn't buy happiness. So what's the truth? |
| 0:55.2 | Does it or doesn't it? |
| 0:57.2 | Well believe it or not, scientists can actually investigate this question and see if there |
| 1:02.1 | are any answers. |
| 1:03.0 | And what they recently found is happiness really does come for free. |
| 1:08.0 | What they found was |
| 1:15.0 | a lot of money, |
| 1:18.0 | this published paper was recorded in 2021 |
| 1:22.0 | with the collaboration of McGill University and the University of Barcelona. |
| 1:27.0 | So here's what they did. |
| 1:29.0 | They spent time interviewing people in the Solomon Islands and Bangladesh, but particularly people that were living in poor, more rural regions. |
| 1:37.0 | And they interviewed 678 people between the ages of the mid 20s and early 50s. They interview people in regards |
| 1:45.8 | to what constitute happiness for them and also they got a sense of their passing moods |
| 1:50.8 | or lifestyle fishing activities, household incomes, and levels of market |
| 1:56.0 | integration. |
| 1:57.6 | And in both these countries, they compared them to their counterparts, people who lived in |
| 2:02.1 | larger metropolitan cities and were doing much better financially. |
... |
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