Can money buy happiness?

An old question about which many books are written. To a certain degree, money is certainly important for happiness. Living in poverty is definitely no fun: If you have to worry day and night how to pay for rent and  groceries,  it’s difficult to enjoy life. On the other hand, being wealthy is not equivalent to being happy – countless stories about with life struggling celebrities in the tabloid press may serve here as confirmation.

A worldwide Gallup survey shed now more light on the most important factors, which make up happiness and the role of money.

According to the Gallup World Poll (136,000 people in 132 countries participated), life satisfaction and enjoyment of life are the two main components of happiness.

Life satisfaction, defined as the feeling that life goes well, increased with rising personal and national income. Hence, money is an important factor for satisfaction. However, the other component, life enjoyment defined as positive day-to-day feelings, depended also on other factors, such as feeling connected to other people, having personal freedom and feeling respected.

Original report here