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Your Take: Do You Think Money Can Buy Happiness?

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money!We’ve covered the issue of money buying happiness a few times in the past (just look at the Related Posts below and you’ll see a few fine examples). However, the last time we even mentioned it was several years ago and there’s new research! There is always new research… the question is whether that research says anything new.

This one does.

The study looked at the question of “satiation.” In plain English, they simply wondered if there was ever a point in which you earned “enough” to be happy. If you earned enough where your basic needs were met, like food and shelter, would you be happier if you continued to make more. Is there a point at which you no longer happier?

Some people have likened it to air. It’s no fun when you don’t have enough to breathe but you really don’t gain extra by have more air. Well, the results of the study suggest that the answer is that there is no point at which your happiness stops. The richer you get, the happier you are about it.

Do you think that’s true?

(Credit: stevendepolo)

{ 29 comments, please add your thoughts now! }

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29 Responses to “Your Take: Do You Think Money Can Buy Happiness?”

  1. T says:

    So far for us it’s true. 10 years ago, we were in debt and had a single income. My wife was in school and luckily I had a tech job that was steady through the tech bust. We were disciplined, paid off massive debt (about 50k in credit cards, two cars, and two public university educations).

    These days, I’ve left the tech business and my wife and I run a booming small business. We went from zero to about 400k net in 4 years and its looking to grow a bit this year and the following year to the point we’re hoping to pull in about 800k-1 million net by 2015 if the current rate of growth pans out.

    I can definitely tell you we are much happier than we were 10 years ago and enjoying life more than ever.

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