Money Has Become Associated With Greater Happiness
Money Has Become Associated With Greater Happiness
By Tara Bahrampour July 1, 2020
A new report finds that in recent decades, having more money has become increasingly associated with greater happiness.
The Expanding Class Divide in Happiness in the United States, 1972—2016, published last week in the journal Emotion, found that among people age 30 and older, the correlation between income and happiness has steadily risen over the years.
The study used data from the General Social Survey, one of the longest-running nationally representative surveys of U.S. adults, with 44,198 participants between 1972 and 2016.
It found a growing class divide in happiness, with the happiness of whites with no college education steadily declining since 1972, while the happiness of whites with college education stayed steady.
For African Americans, the results were different but still reflected a rising money-happiness correlation: Happiness levels of blacks with no college education has stayed steady since 1972, while the happiness of blacks with college education has increased. For both races, the happiness gap by education has grown.
Money can buy happiness — if you know how to use it
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