Can Money Buy Happiness? Brits Say Yes!

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According to a strict and formal study done by a team from the University of London discovered that the happiness derived from getting married is equivalent to a pay raise of £53,833, or approximately $106,169.44 (according to Google). Excellent health is worth £304,000 ($599,548.80) whereas good health worth only a bump in pay of £251,000 ($495,022.20). Some would say that they’d take the $160k over getting married…

What’s interesting about the study is the fact that income didn’t matter, just relative changes. That is say, you aren’t happier by default if you make $100,000 versus $90,000, but if you increase from $90,000 to $100,000, you are actually happier. This, of course, is a concept that is studied over and over again in psychology and something you’ll often see in mainstream media.

I wouldn’t read too much into this but it’s certainly an intriguing study.

Bonus joke:
Why is divorce so expensive?
Because it’s worth it!

{ 2 comments, please add your thoughts now! }

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2 Responses to “Can Money Buy Happiness? Brits Say Yes!”

  1. Amy says:

    It is true that we get sucked into thinking that money buys happiness. If it were reality though then why are so many multi-millionaire celebrities so depressed, in drug rehabs, etc…?
    I am working hard for money, not necessarily for happiness but for freedom. I want so bad to be debt free and not be tied to my creditors anymore.

  2. MoneyNing says:

    I don’t think money buys happiness. But the lack of money definitely creates lots of potential sadness!

    There’s a fine line there, but for most people it creates the illustion that money buys happiness since when they don’t have it, they are not happy.

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