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

nts 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


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