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Researchers say, yes, money can buy happiness

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ringmastery Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-04 02:29 PM
Original message
Researchers say, yes, money can buy happiness
http://biz.yahoo.com/fo/040506/aa890dd874b72427c14deb794c986bcd_1.html

As the table shows, for example, they estimate that a divorced person would need to receive another $66,000 a year to be as happy as a married person with the same education, job status and other characteristics. How do they come up with such results? By analyzing surveys to see how much people's happiness varies with the amount of money they make, their race, whether they're employed and much else. Looking at it simply, a black American, for example, would have to earn $100,000 to be as happy as a white earning $69,000, all other things being equal.

Valuing Happiness
Here's the increase in income it would take to compensate the typical American for the unhappiness that goes with being:

At home $6,000
Male 13,000
Black 31,000
Never married 49,000
Unemployed 60,000
Divorced 66,000
Widowed 75,000
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-04 02:34 PM
Response to Original message
1. A high school buddy of mine had a favorite saying
"Money can't buy everything, but poverty can buy nothing."
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MarianJack Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-04 04:12 PM
Response to Original message
2. Joe Pesci in "Easy Money"...
...said that money can't buy happiness but you can sure pick your own kind of misery!
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rebellious woman Donating Member (165 posts) Send PM | Profile | Ignore Sun May-09-04 04:30 PM
Response to Reply #2
3. If Madame LaFarge and Poppy are prime examples then this
lady is happy to be poor. Sure as hell don't want
their "sick happiness"!
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