Can Money Buy Happiness? Psychologists Offer A New Take On An Old Question

Source: Forbes

By Mark Travers

New research appearing in the journal Social Psychology and Personality Science suggests that money can buy at least one form of happiness — something psychologists refer to as “happiness frequency.”

Whether or not money can buy other forms of happiness is still an open question, but the researchers, led by Jon Jachimowicz of Harvard Business School, are quick to point out some of its limitations.

“We draw on prior research that distinguishes between the frequency and intensity of happiness to suggest that higher income is more consistently linked to how frequently individuals experience happiness than how intensely happy each episode is,” state the researchers. “Notably, we demonstrate that only happiness frequency underlies the relationship between income and life satisfaction.”

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