Navigation Links
Money Really Can't Buy Happiness, Study Finds
Date:6/22/2012

FRIDAY, June 22 (HealthDay News) -- Contrary to popular belief, happiness in life has more to do with respect and influence than status or wealth, according to a new study.

Researchers said one possible reason money doesn't buy happiness is that people may get used to their higher income, but they never tire of being admired by others.

The study recently appeared online in Psychological Science.

"We got interested in this idea because there is abundant evidence that higher socioeconomic status -- higher income or wealth, higher education -- does not boost subjective well-being (or happiness) much at all. Yet at the same time, many theories suggest that higher status should boost happiness," said Cameron Anderson, a psychological scientist at the Haas School of Business at the University of California, Berkeley, in a journal news release.

The study's authors said the respect people receive from their peers, such as friends, neighbors or teammates, has more to do with happiness than money. "Having high standing in your local ladder leads to receiving more respect, having more influence, and being more integrated into the group's social fabric," Anderson said.

The researchers put their idea to the test in a series of studies. First, they surveyed 80 college students from 12 groups on campus. The amount of respect the students received from their peers, known as their sociometric status, was calculated based on peer ratings, self-reports and the number of leadership positions the students held. The researchers also took into account the students' household income and asked them about their social well-being. They found the admiration the students received from their peers predicted their social well-being. Their wealth or income did not.

When the researchers expanded the group of participants in another study, they saw similar results.

In a final study, the researchers followed graduate students in business school. They found the MBA students' social well-being was tied to changes in the admiration they felt from their peers before and after graduation. They noted respect had more to do with the student's well-being after graduation than how much money they made.

"I was surprised at how fluid these effects were -- if someone's standing in their local ladder went up or down, so did their happiness, even over the course of nine months," Anderson said.

"One of the reasons why money doesn't buy happiness is that people quickly adapt to the new level of income or wealth. Lottery winners, for example, are initially happy but then return to their original level of happiness quickly," he concluded. "It's possible that being respected, having influence and being socially integrated just never gets old."

More information

The American Psychological Association has more about the origins of happiness.

-- Mary Elizabeth Dallas

SOURCE: Association for Psychological Science, news release, June 20, 2012


'/>"/>
Copyright©2012 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. MSU invention could help pharmaceutical industry save money
2. Reducing off-label use of antipsychotic medications may save money
3. Losing money, emotions and evolution
4. Athletes Really Do Play Through the Pain
5. Routine mammograms may result in significant overdiagnosis of invasive breast cancer
6. Study finds significant skull differences between closely linked groups
7. Rheumatic heart disease is significantly under-treated in Africa and India
8. Canada should significantly increase its funding of randomized clinical trials
9. Overdiagnosis poses significant threat to human health
10. Study Suggests Vaccine May Help Kids With Brain Cancer
11. Study reveals how cancer drug causes diabetic-like state
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Money Really Can't Buy Happiness, Study Finds
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, a ... can give their videos a whole new perspective by using the title layers ... Film Studios. , ProSlice Levels contains over 30 Different presets to choose from. ...
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... ... fertility once they have been diagnosed with endometriosis. These women need a treatment ... also require a comprehensive approach that can help for preservation of fertility and ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June ... , brings up a new, often overlooked aspect of head lice: the parasite’s ability to ... is not a common occurrence, but a necessary one in the event that lice have ...
(Date:6/25/2016)... Long Beach, CA (PRWEB) , ... June 25, 2016 , ... ... from UCLA with Magna Cum Laude and his M.D from the David Geffen School ... San Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... and SAN CLEMENTE, Calif. , June 24, ... -based mobile pulmonary function testing company, is now able to perform ... developed by ndd Medical Technologies , Inc. ... in hospital-based labs.  Thanks to ndd,s EasyOne PRO ® , ARL ... can get any needed testing done in the comfort of her ...
(Date:6/24/2016)... India , June 24, 2016 ... Needles Market by Type (Standard Pen Needles, Safety Pen ... Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, ... by MarketsandMarkets, This report studies the market for the ... expected to reach USD 2.81 Billion by 2021 from ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... the appointment of Dr. Edward Futcher ... Non-Executive Director, effective June 23, 2016.Dr. Futcher was ... Nominations and Governance Committees.  As a non-executive member ... independent expertise and strategic counsel to VolitionRx in ...
Breaking Medicine Technology: