"Money makes you happy" is an illusion
While most people believe high income will make them happier, American researchers have now found that the connection between money and happiness is often overrated and is more of an illusion.
The scientists from Princeton University, including the economist Alan Krueger and the psychologist and Nobel Prize winner Daniel Kahneman, carried out a study together with colleagues, Even science has a summer slump. More and more results then flood the media, which otherwise hardly find their way into reporting. With the series "Summer Hole Today" we would like to present you with a selection. in which the participants had to give an assessment of their personal happiness status and that of other people with different income levels. According to the evaluation, there was a clear tendency to overestimate the influence of income on individual well-being.
Even if better material circumstances are actually considered a measure of a better quality of life, closer investigations have shown that this connection is by no means as significant as assumed and that people with higher bank balances do not necessarily spend their money on enjoyable activities. Although they are relatively satisfied with their lives, they are hardly happier in their moment-to-moment experiences than those who are less fortunate, the study concludes.