They say it can’t buy you love. But what money can do, according to a new global survey, is buy you happiness. It all depends on how you define ‘happy.’
Researchers based their study on the results of a Gallup World poll that surveyed over 136,000 people in 132 countries. They concluded that money is tied closer to happiness when people use their long-term goals as measurements of their happiness.
They say it’s because money has a large effect on how people evaluate their lives and having a healthy bank account — and the possessions that come with that — are global, widely-shared goals.
But the connection between happiness and money was much less clear when happiness was pegged to a general, day-to-day enjoyment of life. The researchers say that kind of happiness seems to depend more heavily on someone’s belief that they are learning and using new skills, that they are respected and that they have friends they can count on.
As for which type of happiness is more important to living a truly fulfilled life, they say the bottom line is that BOTH are very important.
So at the end of the day, the authors suggest that while money can buy happiness, it won’t guarantee it.