How much money buys happiness? A wide body of research suggests the number is approximately forty thousand dollars a year. Daniel Gilbert, professor of psychology at Harvard University, says once you have enough money to meet basic needs — food, shelter, but not necessarily cable “?incremental increases have little effect on your happiness.
Aaron Karo, comedian and author of the forthcoming book, Ruminations on Twentysomething Life, responds to the number with, “If you want to draw a line in the sand, happiness is having enough money so you don’t have to move back in with your parents.”
To someone who just spent four years in college living off nine-thousand-dollar loan stipends, an increase to forty thousand means a lot — moving from poverty to middle class. But it’s a one-time rush. After you hit the forty-thousand-dollar-range money never gives you that surge in happiness again.
Twentysomethings who are looking for happiness from their careers will benefit from research about their parents’ choices. Richard Easterlin, professor of economics at University of Southern California says previous generations have proven that our desires adjust to our income. “At all levels of income, the typical response is that one needs 20% more to be happy.” Once you have basic needs met, the axiom is true: more money does not make more happiness.
So then one asks, what does matter? The big factors in determining happiness levels are satisfaction with your job and social relationships. And in case you found yourself slipping back to thoughts of salary, according to Easterlin, “How much pleasure people get from their job is independent of how much it pays.”
Unfortunately, people are not good at picking a job that will make them happy. Gilbert found that people are ill equipped to imagine what their life would be like in a given job, and the advice they get from other people is bad, (typified by some version of “You should do what I did.”)
Gilbert recommends going into a career where people are happy. But don’t ask them if their career makes them happy, because most people will say yes; they have a vested interest in convincing themselves they are happy. Instead, try out a few different professions before you settle on one. For college students, Gilbert envisions this happening with part-time jobs and internships at the cost of “giving up a few keggers and a trip to Florida over spring break.” But even if you wait until you enter the workforce, it makes sense to switch from one entry-level job to another; no seniority and scant experience means you have little to lose. So it’s an ideal time to figure out what will make you happy: Use a series of jobs to observe different professions at close range to see if YOU think they make people happy.
It’s simple, proven advice, but few people take it because they think they are unique and their experience in a career will be different. Get over that. You are not unique, you are basically just like everyone else. Gilbert can, in the course of five minutes, rattle off ten reasons why people think they are unique but they are not. For example: We spend our lives finding differences between people to choose teachers, band mates and spouses, so our perception of peoples’ differences is exaggerated… And then Gilbert gets to grapes: “If you spend seven years studying the differences between grapes, no two will look the same to you, but really a grape is a grape.”
So your first step is to stop thinking you’re a special case. Take Gilbert’s advice and choose a career based on your assessment of other people in that career. You next step is to focus on social relationships, because in terms of happiness, job satisfaction is very important but social relationships are most important.
And by social relations, most researchers mean sex — with one, consistent partner. So consider giving your career aspirations a little less weight than you give your aspirations for sex. For those of you who like a tangible goal, David Blanchflower, professor of economics at Dartmouth College says, “Going from sex once a month to sex once a week creates a big jump in happiness. And then the diminishing returns begin to set in.” He adds, to the joy of all who are underemployed, “It’s true that money impacts which person you marry, but money doesn’t impact the amount of sex you have.”
Maybe all this research simply justifies the twentysomething tendency to hold a series of entry-level jobs and put off having children. Says Karo: “All we really want is to get paid and get laid.”
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Penelope
Guys, money alone cannot buy you happiness,there are other things you need to put together with money to make you happy.Mathematically speaking, Happiness is a whole, and money is just a Fraction the whole.
Posted by cezar on February 1, 2010 at 11:52 am | permalink |
I agree with that directly above. I have been following this thread for over 2 years now and I have to say it is my total fav! Such an interesting topic. And just now really coming to the attention to people who used to think that material things would make them happy.
Posted by Adam on February 1, 2010 at 12:44 pm | permalink |
great post thanks!
Posted by How To Potty Train A Toddler on February 23, 2010 at 10:08 pm | permalink |
ks for posting this!
Posted by Potty Training on February 23, 2010 at 10:08 pm | permalink |
thanks for posting this!
Posted by Potty Training on February 23, 2010 at 10:13 pm | permalink |
potty training boys?!
Posted by Potty Training Boys on February 23, 2010 at 10:14 pm | permalink |
If you don’t have a partner, i think it won’t be a smart idea to try to have sex with somebody everyday, unless you’re talking about self-sex. Even so, there’s a whole lot of things that could be done in lieu of daily sex that could lift the spirit.. countless hobbies waiting to be tried, places to discover, books to read. Possibilities are endless. Daily sex without commitment, in the long run, may be more detrimental than helpful.
Posted by Free MLM Training on March 1, 2010 at 4:10 pm | permalink |
Penelope,
Do you think that 40,000 is enough to meet basic needs, and make it so my wife doesn’t need to work so she could be home raising the kids?
Posted by Stephen on March 2, 2010 at 11:56 am | permalink |
I think you should read this entire thread to answer that question. There is actually quite a bit of insight here that will help you answer that….
Posted by Ben on March 2, 2010 at 11:57 am | permalink |
This is the longest thread I ever read. And I think that says something. It is quite interesting, aside from the junk posts in here every now and then. Specifically, I think this topic does not get enough attention. Probably because the corporate structure needs for us to not think this way… Thanks for this.
Posted by Susie on March 2, 2010 at 12:54 pm | permalink |
I agree with many of the comments….whenever you are short on money we do not feel as happy as we should, but whenever we get more money it makes us happy for a while, once we meet out basics need we adapt to it and it does not make a diference in happiness..
Posted by Christian on March 14, 2010 at 11:58 pm | permalink |
You only need as much money as it takes to take care of your self and family but then it is irrelevent. It may make you happy at first but as the hedonic tredmill says to will adapt and it will no longer satisfy. So i say just have more sex!
Posted by Lacey on March 15, 2010 at 1:48 pm | permalink |
I really think that ethnicity really relate to sex because in Japanese researchers found japanese people are almost lowest rank of having sex in the world.
Posted by rei on March 16, 2010 at 12:05 am | permalink |
I totally agree with this blog. It feels like my peers are so-called “dragging their feet to grow up”, but in reality they are all pretty happy doing what they want to do. And the friends of mine who did what they were “supposed to”, found the first crappy wife, kids, and job they could find, and are now miserable.
Posted by Ryan Haley on March 22, 2010 at 2:50 pm | permalink |
I’m quite happy being an asexual. My hand knows exactly what I want. It never shouts at me, runs off to play Farmville or Evony every single time I want to be intimate, drains my wallet on useless crap, or calls me worthless when I am the only one working. Heck, it even shoved the last girl I will ever have sex with out the door when enough was enough! Sad thing is, I’ve now been laid off for so long, it’s a miracle I am still alive. I am the master of job hunting. I research, spruce up my resume, use a neutral email account for business, have excellent references, and plenty of experience in my fields. I know how to nail an interview by promoting myself as the solution to the problem. I am confident in who I am, I dress for success, I am someone. I am a professional. So, instead of hiring the charismatic honest worker, the ADHD, assburger, and lazy get the jobs I would excel in. I came to the realization that Atlas Shrugged. My hard work is leeched by the moochers. There is no point anymore. I have never ever quit in my life and now for the first time, I am. I’m living out the rest of my days hanging out with my friends, having role-play online, and coming to terms with my fate. I made the mistake of letting my emotion get the better of me in college, so I suppose I deserve all of this even though at my last job, I was making it just fine. Oh well, at least I will die peacefully from starvation than to take my own live as a coward would.
Posted by Anonymous on April 22, 2010 at 6:46 am | permalink |
wtf??
Posted by Lian on April 29, 2010 at 4:00 pm | permalink |
I feel it’s more of intimacy rather than sex.
Will you feel happy if you’re having plenty of sex but no intimacy? That would be no different from having paid sex with one, consistent partner.
Intimacy on the other hand, can lead to sex (although not 100% of the time). Now, you can’t pay someone to be intimate with you at a deep level.
Posted by Intimacy on June 13, 2010 at 5:19 pm | permalink |
I envision many of these comments were not made by people with families. My husband has a wonderful career it covers all our basic needs. My career moved more part-time so that i could be home with the kids but I still earned enough consulting to provide us with cable, a few nights out, vacations and different lessons for the kids.
My whole department was laid off, every bill we had increased ( gas, grocery, elect, water, insurance) We are making ends meet (barely) by cutting all extra expenses,and WE ARE NOT HAPPIER NOW!!!! Money is more important than I thought it was. My husband is so stressed out trying to put in over-time just to cover the mortgage and dentist bills that the last thing he wants to do is have sex ( we are monogamous–you will just have to trust me on this) . The kids cant take lessons, or even go on day trips: they are not happier. I am not happier: not being able to even get out of the house to see a movie.
Seriously, money is important, if we made enough money to cover just a little of silly, going out-fun time it would improve my happiness ten fold…or at least if i knew that if my car broke down I would have the money to fix it. I remember last year, we were very happy when I was working, that “extra money” does matter.
Posted by Kallie on July 21, 2010 at 3:05 am | permalink |
i agree that people want bigger and better things just to make it seem like they are better or have more money than others, but why should we care who has a nicer car or a bigger house than us. my mom always told me that just because they have nice things does not mean they are happy and can actually afford it. its just a fairytale for some people. Which i did not understand at first. I am happy in my middle sized house with my little car and my family, i can not understand why you need such bigger things like a house when all that really matters is who is inside the house!
Posted by want boyfriend back on September 26, 2010 at 12:21 pm | permalink |
reading this blog actually put a smile on my face because i have recently chosen a job that makes me happy for once. it was always about how much i got paid instead of what really made me happy. i made a significant pay cut but i am finally pursuing my career in the field i love.
Posted by hbamybaby on September 29, 2010 at 7:27 pm | permalink |
I definately agree with you. I’m in school now and I’m feeling a lot of pressure from my family to choose a major that would bring in the most income even it I wouldnt enjoy as much. They think I should be in the medical field because there is a demand and the pay rate is pretty good. I however want to be a teacher. Even if I did make much more many as a physician I would be sacrificing personal satisfaction and happiness. Stick with what you love despite money.
Posted by Katie R. on October 13, 2010 at 5:32 pm | permalink |
Money will never buy my happiness, the social interactions and relationships I have with others will.
Posted by M on October 6, 2010 at 5:55 pm | permalink |
About eleven years ago a colleague of mine said he read a study that married men are happier than single men. However (at that time in 1999) single men earning over $150,000 per year are happier than married men.
In 2010 I figure it’s about $175,000.
Posted by Sovereign Individualist on October 10, 2010 at 8:16 pm | permalink |
As far as happiness goes, neither money nor sex or intimacy is the key. Happiness is a choice. You have to make it on your own, because no amount of anything outside you is going to change who you are and your own thoughts about yourself at your core. (though they can influence you to a more UNhappy state, if you put too much stock in them)
Concerning the influence of money on quantity of sex, I can speak from personal experience, Blanchflower’s position is bogus. It most certainly does influence it. When I had it, I got it. When I don’t, I didn’t. At least for some of us who aren’t married, the two go hand in hand. (yes, take that pun in whatever way you like)
Posted by Samuel on October 11, 2010 at 8:42 pm | permalink |
Right now I am not happy with my job. I hate it and it makes me miserable. Ok maybe its the jackasses I work for… but whichever I am not happy. And because I have to work to support my family I am stuck for now. I hate that my unhappiness of work follows me home and where ever I go. I am really sorry that I honestly do take it home and out on my kids who don’t deserve it because they really do make me happy. I agree that once my basic financial needs were met that the stress would be less and I’d be able to get a job/career that makes me happy. My family and my “family” really are what gets me through the day not money and things.
Posted by Stephanie on October 13, 2010 at 6:04 pm | permalink |
Stephanie:
That’s why they call it “work,” and that’s why they pay you to do it.
Nobody forces you to come in each day. If you want to do what you love, do it. If you’re good enough at what you love (or, actually, even if you aren’t good enough!), you’ll be paid accordingly. Good luck!
Posted by Tim on October 14, 2010 at 8:51 am | permalink |
Once I met my basic needs, making more money did not make me happy. I was blessed with a high paying job, but that included a lot of time spent working long hours. I would always go shopping I bought my dream car and many Gucci handbags thinking that buying material items would make me happy. I have come to learn that making purchases did not make me happy.
Posted by Mayra on October 13, 2010 at 6:55 pm | permalink |
I agree that once our basic needs are met we are no more happier than a very rich person. In my opinion I think the enemy of happiness is adaptation. We adapt to things, the new car is no longer as shiny and amazing as it was the first time you bought it. I think that can also be applied to sex. Sex every now and then is amazing, it definitely increases happiness, but sex everyday I think is good, but not as amazing as when you don’t have sex for a while and then you do and you feel that euphoric moment. I do like this article, it makes a lot of sense. Once your basic needs are met, thats it; you are no more happier than a billionaire.
Posted by Stephanie on October 17, 2010 at 6:11 pm | permalink |
I also agree that sex is more important than money.
I am single now and for the last 4 months, I have had some money troubles so I was more focused on my finances to even think about sex, but when the thought of sex entered my mind it felt more stressful that I didn’t have anyone I could have sex with much more than the bills I had. But Its just
not sex, its good sex with someone you have a connection and a commitment with that makes the sex so worthwhile and valuable atleast in my opinion!
Posted by Kdelloiacono on November 4, 2010 at 1:18 am | permalink |
i want money about 2000$ plz sent me some one els
Posted by ahad bangash on November 17, 2010 at 5:02 am | permalink |
good and insightful!
Personally, I don’t think humans can every be completely happy
Always running after perfection!
Posted by Prathamesh on December 9, 2010 at 10:59 pm | permalink |
How much money would I need? well just enough so I would never have to worry about money ever again lol!
Posted by Kitchener Internet Marketing on December 16, 2010 at 10:43 pm | permalink |
Sure enough money could not buy happiness,because money is a necessity while happiness is a feeling.
Ones a person is comfortable in life his wealth starts losing it’s charm so he tries to acquire more and more to get the happiness back .
Posted by uwo delta chi on December 18, 2010 at 12:32 am | permalink |
I think the happiness it is such a strange and complex filling. I think it can't be measured and can't be made studies on it as if was a math calculation. Happiness has so many faces for the different people and cultures.
Posted by Flori on January 13, 2011 at 3:19 am | permalink |
I think this thread is a strange and complex thing… It just keeps going and going and going. Talk about Energizer Bunny – I signed up for this discussion in 2007 and it’s been a stream of consciousness ever since. Kinda cool.
Posted by Adam on January 18, 2011 at 12:26 pm | permalink |
I’ve always heard the theories about incremental increases in earnings having little effect on happiness and I think it is valid. Great post, Penelope.
Posted by Potty Train on February 15, 2011 at 3:28 pm | permalink |
This is certainly true.
Posted by Options Trading Strategy on February 15, 2011 at 4:20 pm | permalink |