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For anyone who is interested in a shorter version of this journal article, Wall Street Journal reporter Andrew Blackman posted an article today titled "Can Mone
by softdev12 12y ago
For anyone who is interested in a shorter version of this journal article, Wall Street Journal reporter Andrew Blackman posted an article today titled "Can Money Buy Happiness? Here's What the Science Says." It's behind a paywall, which is why the harvard journal article is listed here (I'm assuming).
But if you have a subscription, the link is at http://online.wsj.com/articles/can-money-buy-happiness-heres-what-science-has-to-say-1415569538 http://online.wsj.com/articles/can-money-buy-happiness-heres...
The main points seem to be:
1) at the margin, it's better to spend money on fleeting experiences over material goods
2) money buys happiness up to a point (i.e. $75K per year, then there's diminishing returns)
3) don't get into debt or you're in for sadness