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Unread 12th January 2012, 10:04 AM   #1
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Default Study: Rich people two times happier than poor people

Hi everyone,

I read a study that was done in Quebec, Canada that showed that there is a direct correlation between the amount of money someone makes and their levels of happiness, with the rich being the happiest of all.

This matches my experience, in that all the millionaires I've known or worked with were all VERY happy, passionate, evolved and fun-loving people. The most miserable people I know are also the poorest.

There you go!

What are your thoughts?

Gab

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Unread 12th January 2012, 10:20 AM   #2
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Default Re: Study: Rich people two times happier than poor people

Gab,
I've met many millionaires and it's true many of them are very happy. Stress is eliminated from their life because of their finances, they also have the time to pursue their dreams. I have to tell you the happiest ones I've met are the self made millionaires. They've achieved their dreams and grown in their life through that.
Everyone has the ability to be a millionaire, they just have to follow their dreams and obtain their goals. The money doesn't come until they've reached that place.
People like being around others who are happy, who can make them feel better.
Conversely millionaires who aren't following their dreams can be just as miserable as the poorest person alive.

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Unread 12th January 2012, 10:30 AM   #3
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Default Re: Study: Rich people two times happier than poor people

Maybe true but not fully as the fear of loosing it all still persists. Mostly, if your wealth was acquired illegally or the kid is dumb.

You never know the stress might even come from wife/co-wives for polygamous families.

All in all wealth is good but real happiness is what you go home to when you have peace of mind (no debts, stress or enemies).

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Unread 12th January 2012, 10:46 AM   #4
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Default Re: Study: Rich people two times happier than poor people

Money might not buy happiness, but it does buy a lot of things that make you happy. I've been broke and now I've been affluent. One is better than the other.

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Unread 12th January 2012, 12:31 PM   #5
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Default Re: Study: Rich people two times happier than poor people

Can you post a link to that study?
The Gallup research (directed by Daniel Kahneman) does not show those results exactly.
After $40K/per capita, happiness flatlines. More money does not add happiness.

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Unread 12th January 2012, 02:58 PM   #6
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Default Re: Study: Rich people two times happier than poor people

I have to agree money buy so many things that will make you happy
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Unread 12th January 2012, 03:17 PM   #7
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Default Re: Study: Rich people two times happier than poor people

I agree that money does not buy happiness, you can be rich and depressed. But I also know it's not fun to have bill collectors calling you everyday all day and you only have $15 in your pocket, but $5500 worth of bills. So yes, money makes things easier and you will probably tend to be more happy without all the financial stresses that comes when you're broke.

So no, it doesn't make you happy, but it makes life a whole lot easier.
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Unread 12th January 2012, 03:35 PM   #8
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Default Re: Study: Rich people two times happier than poor people

I would say that the money (if handled well) helps people have less stress and do more fun things.

But I have met a lot of poorer people who seem so very happy. I have met some rich people who are always grouchy.

I think money is not the only reason - but it does help to enjoy some fun things in life.

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Unread 12th January 2012, 03:41 PM   #9
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Default Re: Study: Rich people two times happier than poor people

Yes, so many people try to tell you that money doesn't buy happiness...but it sure makes life an awful lot easier!

Without enough money to pay your bills each month, life isn't that fun...

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Unread 12th January 2012, 03:53 PM   #10
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Default Re: Study: Rich people two times happier than poor people

This study should not surprise anyone....lol

There are certain exceptions to this rule though.

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Unread 12th January 2012, 03:58 PM   #11
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Default Re: Study: Rich people two times happier than poor people

The quote "Money does not buy hapiness" was invented by a poor junkyard trader in the 19th century if my memory serves me right. One shouldn't take it seriously.

More money does indeed bring more hapiness!

I am self made and having been poor for many years, I know the feeling oh too well, and I am incredibly happy now! Not because I can buy things because thats only temporary hapiness... but because of all the financial pressures are gone.

The rich folks that are unhappy, sure there are exceptions. ie: It is widely known that Doctors are not happy folks...but it has nothing or little to do with money.

Bernard

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Unread 12th January 2012, 04:07 PM   #12
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Default Re: Study: Rich people two times happier than poor people

Quote:
Originally Posted by alcymart View Post
The quote "Money does not buy hapiness" was invented by a poor junkyard trader in the 19th century if my memory serves me right. One shouldn't take it seriously.

More money does indeed bring more hapiness!

I am self made and having been poor for many years, I know the feeling oh too well, and I am incredibly happy now! Not because I can buy things because thats only temporary hapiness... but because of all the financial pressures are gone.

The rich folks that are unhappy, sure there are exceptions. ie: It is widely known that Doctors are not happy folks...but it has nothing or little to do with money.

Bernard
I think alot of times people who say that money doesn't buy happiness been rich, sooo, long they forgot what it is like to really live poor. There is a difference living comfortable, "saying", money don't buy happiness, and, "living" it(poor) on a day to day basis.

P.S. Doctors who aren't happy probably live beyond their means. First time I heard Doctors are unhappy folks. Though, millionaire next door does speak of almost half Doctors financial status not good when it comes to the investing department. Which goes back to first sentence on P.S.
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Unread 12th January 2012, 05:12 PM   #13
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Default Re: Study: Rich people two times happier than poor people

I guess it depends on the type of person you are too.. If you enjoy just hanging about, not really experiencing a whole lot outside of family and friends that's fine and I dont think you need a bunch of cash to do that..
However if your an adventure seeker or really enjoy things that take a lot of money.. well then of course... the more money you have the better..

It's all relative im sure.. I know when I have a bunch of money Im more willing to go on fun trips, see places, do things, buy interesting pieces of technology.. all the sorts of stuff that can only be got with money.. and that makes me happy.. also other things that dont cost money make me happy..

bottom line.. if you dont have things that makes you happy without spending money.. no amount of money will bring you long term stable happiness

money cant buy wellbeing, but it sure can amplify it!
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Unread 12th January 2012, 06:21 PM   #14
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Default Re: Study: Rich people two times happier than poor people

This reminds me of a Beatles song "The best things in life are free, but you can give it to the birds and bees, I want money!"
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Unread 12th January 2012, 10:48 PM   #15
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Default Re: Study: Rich people two times happier than poor people

Money does make life easier, not having to worry about bills. Being able to buy what you need when you need it of course will make anyone happy. However, a person needs to understand that there are times when you can have some money... and I mean some i.e not too much, not too little in your account and yet get depressed over issues because there are things that money cannot buy and that is when contentment should be practised. But I do agree with you 100% that having some funds to spend when you Need TO does make folks alot happier.

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Unread 13th January 2012, 01:13 AM   #16
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Default Re: Study: Rich people two times happier than poor people

Most people worry over small things like: paying rent, paying school fees; the unforgiving economy; affording healthcare; taking a nice vacation etc. For a broke guy these are real issues hence the stress. For a rich guy these things occupy less of his time so he is much happier.
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Unread 13th January 2012, 03:35 AM   #17
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Default Re: Study: Rich people two times happier than poor people

I don't think most rich people are happy right now. It's not like they're not contented yet until they beat the great Bill Gates, but its about the relationships they had with other people (even the poor). Sometimes, money destroys relationships because these guys loves money more than their family.

It can't buy some happiness for you....
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Unread 13th January 2012, 04:48 PM   #18
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Default Re: Study: Rich people two times happier than poor people

Rich people are definitely more happier. I'm in an area in the UK that has an area of rich people and middle class people (I'm fortunate enough to live in this area) but we border to a town that is rated one of the poorest of places in the UK. And going through there, you begin to notice pretty quickly how unfriendly people are there and how worn out they look. I can't exactly make the assumption that this is because they are struggling financially but there definitely is a link
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Unread 14th January 2012, 03:13 PM   #19
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Default Re: Study: Rich people two times happier than poor people

This should not come as something new or surprise at all for anyone.... rich people are happier because there is a lot of things money can buy where as poor people cannot sometimes even get to eat twice a day...
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Unread 14th January 2012, 05:24 PM   #20
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Default Re: Study: Rich people two times happier than poor people

Money might make people happy but it's often a hard fall if they lose it.

It's best to have the majority of your happiness banked with life alone.

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Unread 14th January 2012, 05:31 PM   #21
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Default Re: Study: Rich people two times happier than poor people

I wouldn't attribute a specific amount of money makes people happy but the fact that money is coming in based on ones effort makes people happy. I think too much emphasis on the monetary amount versus how good it feels to make other people lives enriched and at the same time get compensation for it.

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Unread 14th January 2012, 05:51 PM   #22
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Default Re: Study: Rich people two times happier than poor people

Quote:
Originally Posted by Jim Guererro View Post
I wouldn't attribute a specific amount of money makes people happy but the fact that money is coming in based on ones effort makes people happy. I think too much emphasis on the monetary amount versus how good it feels to make other people lives enriched and at the same time get compensation for it.
I agree with Jim - lottery winners are clearly an example of this. The more more money a person has, the bigger their financial challenges become. Instead of $5500 in credit card debt - could more like $550,000...
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Unread 14th January 2012, 06:00 PM   #23
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Default Re: Study: Rich people two times happier than poor people

Yeah I think it goes without saying that people with good finances are happier. They have other challenges that most people cannot relate to but at least they do not have to worry constantly about bills.
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Unread 14th January 2012, 07:50 PM   #24
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Default Re: Study: Rich people two times happier than poor people

I think it may be because they see the positive in things which might be partly how they acquired their wealth.

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Unread 14th January 2012, 09:40 PM   #25
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Default Re: Study: Rich people two times happier than poor people

I don't agree with that. I am not a millionaire. But, while money can help buy certain things, it is surprising to see that many people in Africa (which is supposed to be very poor) can be seen smiling. This should not be the case if money was what made someone happy.

We even have the example of stars who do not seem to be happy.
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Unread 15th January 2012, 06:30 AM   #26
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Default Re: Study: Rich people two times happier than poor people

well common sense really but money cant buy happiness,well can buy fun and not true happiness but lots of money certainly makes life easier,no bills to worry about,no stress with debts,the only stress what color new car shall I buy or where shall I buy my new house or what country shall I go on holiday next year.
most rich people are on a different planet !!!!!!!o idea of hardship and what stress is about when you have debts and money worries.
I have money and property once and lost it all due to resession so I know what stress is really about.
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Unread 15th January 2012, 06:41 AM   #27
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Default Re: Study: Rich people two times happier than poor people

Do you have a link with the original study?

This is true that wealth means happiness.

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Unread 15th January 2012, 11:47 AM   #28
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Default Re: Study: Rich people two times happier than poor people

Yes ofcourse rich people are more happy than poors coz they can fill their desires with money. They have no stress to earn for tommoorrows food, for todays need. The best managment of their money can save their future, rich knws it well.
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Unread 15th January 2012, 07:11 PM   #29
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Default Re: Study: Rich people two times happier than poor people

I've come across quite a few doctors and lawyers who were miserable and unhappy. Far more so than myself.

On the other hand, not having money is a huge risk. What if I wanted to get married and have kids? It's expensive to support a family.

Money for me is certainly about peace of mind and knowing I'm secure so yes, for me it does lead to happiness. It's not everything but it's a big part of "it".
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Unread 15th January 2012, 07:28 PM   #30
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Default Re: Study: Rich people two times happier than poor people

I think there is some truth to the statement, but it is being analyzed for the wrong reasons. True the rich and wealthy seem happier, but they have a few things going for them. 1. Most of the time they have less or very different stresses in their life which makes them happier. 2. They have the freedom to take time off from work and associate with people in their lives. 3. people want to be around them. In my oppinion, it all comes back to attention. Without a good social life, people tend to be more depressed or unhappy. Non wealthy people who have good social lives are happy in that aspect, but have more financial stress that takes away from their overall happiness. This is just my opinion though.

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Unread 15th January 2012, 08:57 PM   #31
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Default Re: Study: Rich people two times happier than poor people

I think that happiness comes from within but I agree that money does give you more freedom to pursue your passions and interests. Being a millionaire means freedom to do what you want on your own terms.
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Unread 15th January 2012, 10:24 PM   #32
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Default Re: Study: Rich people two times happier than poor people

I live in an affluent community (me being one of the less affluent) and what I see are these same people being beset by the same trials and tribulations as of those less fortunate. Divorce, alcoholism and other dependencies, suicides, aging parents, autistic children. I also see a different but just as debilitating subset of problems, especially the concern about keeping up appearances (image), retention of wealth, boredom. Not to paint with a broad brush, but money does not necessarily resolve all issues, and it can create other problems.
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Unread 16th January 2012, 01:32 AM   #33
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Default Re: Study: Rich people two times happier than poor people

Quote:
Originally Posted by biggoogle View Post
Hi everyone,

I read a study that was done in Quebec, Canada that showed that there is a direct correlation between the amount of money someone makes and their levels of happiness, with the rich being the happiest of all.

This matches my experience, in that all the millionaires I've known or worked with were all VERY happy, passionate, evolved and fun-loving people. The most miserable people I know are also the poorest.

There you go!

What are your thoughts?

Gab
=================

Well.....true sometimes....

You will be much happier when you have money to pay for your debt. BUT this doesn't guarantee 100% Happiness...

UNLESS...the extra money that you have will be shared among the poor/needy people around you....

What do you think?


Mary

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Unread 16th January 2012, 04:58 PM   #34
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Default Re: Study: Rich people two times happier than poor people

Here's what I've noticed from my neighborhood:

Poor guy is depressed. "Oh, you must have depression!! Oh, you must need a drink!! Oh, you must have had a bad relationship!! Oh, you must need a break!! Oh, you must have had a bad day!! Oh, your mom needs to treat you better!! Oh, <insert excuse here>"

Rich guy is depressed. "Oh, you must be rich..." Almost like if you're rich, then somehow you're either supposed to be happy 24/7 or there's something wrong with your money and you should get rid of it to be like 'normal' people.

Seriously.
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Unread 16th January 2012, 07:24 PM   #35
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Default Re: Study: Rich people two times happier than poor people

Daniel tosh said it best: money cant buy happiness, but money can buy a waverunner.... you ever see anyone frown on a wave runner? Me neither..
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Unread 25th January 2012, 12:53 AM   #36
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Default Re: Study: Rich people two times happier than poor people

it depends upon person person .
we can't say that all the rich persons are happy or an poor man could also be happy .
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Unread 25th January 2012, 09:55 AM   #37
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Default Re: Study: Rich people two times happier than poor people

It also might have something to do with just how overall secure they feel. That could probably do a lot for someones inner well-being.

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Unread 25th January 2012, 11:42 AM   #38
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Default Re: Study: Rich people two times happier than poor people

I agree with Perfictlovehere
It all depends on how the person is on the inside do's that person
feel in tune with the universe.

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Unread 27th January 2012, 08:09 AM   #39
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Default Re: Study: Rich people two times happier than poor people

I think people now days have attached the happiness to money and that is why the study suggesting the following. Otherwise I have seen people in far east who live in villages, live a happy, healthy and long lives....
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Unread 28th January 2012, 12:40 PM   #40
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Default Re: Study: Rich people two times happier than poor people

This is all truly very, very interesting, but I have one important question:
Are SAYING that you are happy, and BEING happy the same thing?
The answer may be “yes” but I can think of at least one obvious phenomenon: several rich people, who are in fact miserable, would never in their right minds admit it in such a survey because they are so rich and their guilt overrides their honesty. Would there be enough of them to create this meaningful statistical difference? Isn’t what these data show really that rich people SAY they are happier?
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Unread 28th January 2012, 12:44 PM   #41
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Default Re: Study: Rich people two times happier than poor people

Money can buy you happiness and contentment, but surely the most important factor is a person's health...
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Unread 28th January 2012, 02:20 PM   #42
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Default Re: Study: Rich people two times happier than poor people

Quote:
Originally Posted by creaver1 View Post
Can you post a link to that study?
The Gallup research (directed by Daniel Kahneman) does not show those results exactly.
After $40K/per capita, happiness flatlines. More money does not add happiness.

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I agree with you JimN.
The findings of well-known researcher
Mihaly Csikszentmihalyi shows the same thing. Happiness does not rise up much after a certain baseline income is reached.
Material wealth does not add to happiness.
I also have read that money by itself is a magnifying glass. If you're happy to start with you'll be happier because you can help more people. But if your an idiot and you somehow become better off financially, you'll just be a bigger idiot.

Intrinsic happiness, something
Mihaly calls "flow" is far more stable and far more available to us than we think. The placement of money first is probably a bad choice in a world so unstable that entire countries are going broke.

A comparable argument is this: Adaptability trumps strength. Not the other way around. Darwin proved that.

Intrinsic happiness is sustainable. Economic stability? Maybe not so much.
Where you put your priorities is important because your outcomes always follow those.

Just my thoughts.

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Unread 28th January 2012, 07:47 PM   #43
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Default Re: Study: Rich people two times happier than poor people

You will never be truly Happy unless you truly enjoy what your doing.
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Unread 29th January 2012, 12:27 AM   #44
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Default Re: Study: Rich people two times happier than poor people

For me, those who are able to find joy out of simple things in life are the happiest people in the world. Most of the time, they are those who are not much exposed to the luxuries of life. True, they may not have the capacity to buy their wants in a heartbeat, but it is because of their inability that they are able to cherish simple blessings they receive everyday of their lives. Growing up from a developing country, where majority of the population is beyond poverty line, I've witnessed tons of circumstances where genuine happiness is reflected in the eyes of the less fortunate (in terms of money). One instance was when I was walking downtown from school and happened to pass by a lady with three kids (a school age, a toddler, and an infant) sitting outside a grocery store with a can placed in front for people to drop their loose change. For some reason, I was so touched by the scene and decided to give the lady the loaf of bread I was planning to eat for breakfast the next day. The lady was surprised (at the same time thrilled) when she saw the item I was offering her. She took the bread loaf, looked at me in the eye,smiling, and thanked me. I was taken aback by her reaction, to me it was just another loaf of bread, but to her, it meant that she and her kids won't be sleeping with empty stomachs. I simply gave away something of not much value to me, but the reaction I received had a smile plastered on my face the entire evening.

My experience may be unrelated to internet marketing, but main point I wish to address is that money is not the measure of happiness, it is how you find value in the things you receive and how you share that happiness to others.
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Unread 29th January 2012, 12:51 AM   #45
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Default Re: Study: Rich people two times happier than poor people

Don't believe it. Although the Scripture says money is the answer to all things. Money is simply a tool the makes the person more of what they are. So it can be said that the people that have the best relationship and understanding of money are happier than those who don't regardless of amount because they are sad poor people and rich people.
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Unread 29th January 2012, 01:50 AM   #46
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Default Re: Study: Rich people two times happier than poor people

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Originally Posted by biggoogle View Post
Hi everyone,

I read a study that was done in Quebec, Canada that showed that there is a direct correlation between the amount of money someone makes and their levels of happiness, with the rich being the happiest of all.

This matches my experience, in that all the millionaires I've known or worked with were all VERY happy, passionate, evolved and fun-loving people. The most miserable people I know are also the poorest.

There you go!

What are your thoughts?

Gab
Hmm.. interesting.

I have met many rich people who are very happy, but also many rich people who are quite unhappy so I do not think there is a strict connection between income and happiness.

Some really rich people might actually be ones who aren't exceptionally happy with their life.

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Unread 29th January 2012, 02:07 AM   #47
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Default Re: Study: Rich people two times happier than poor people

"Study: Rich people two times happier than poor people" - How can you quantify and measure happiness? BS.

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Unread 29th January 2012, 02:23 AM   #48
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Default Re: Study: Rich people two times happier than poor people

For most people MONEY can bring happiness. Yes, indeed BUT for a short period of time and eventually fades and after all, the good ones which are not being bought like love, companionship, friendship and etc can bring you a life long happiness in which MONEY can't be bought. And also remember wealthy people often gets sick because of their lifestyle which can made them sad unlike the poor ones, they were healthy and yet happy.
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Unread 29th January 2012, 02:27 AM   #49
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Default Re: Study: Rich people two times happier than poor people

It's common sense. If you're poor, you want to have a lot but you can't have it. Lots of people live on the edge which is very unpleasant, stressful and brings many sad things.

If you have tons of money you don't need to worry about finances as you have money for everything. You're out of that stress.
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Unread 30th January 2012, 09:49 PM   #50
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Default Re: Study: Rich people two times happier than poor people

I think the biggest difference in quality of life and happiness is between people and families in poverty and people in the middle class and the gap between middle class and the rich is not that much different. The middle class and the rich have their basic needs meet while living in poverty affects relationships
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