Money Don’t Buy You Happiness – Thoughts for the Weekend

happy-money.jpgMust we really be reminded of the ancient saying, “Money Won’t Buy You Happiness?”. Evidently we do, and frequently. The fact is money *does* buy happiness if you’ve been utterly destitute and manage to achieve a middle-class level of income, but after that, money presents a diminishing margin of return. This Newsweek article sums it up great and is well worth a read for your weekend. The key take-a-way paragraph:

If more money doesn’t buy more happiness, then the behavior of most Americans looks downright insane, as we work harder and longer, decade after decade, to fatten our W-2s. But what is insane for an individual is crucial for a national economy – that is, ever more growth and consumption. … “Economies can blossom and grow only if people are deluded into believing that the production of wealth will make them happy … Economies thrive when individuals strive, but because individuals will strive only for their own happiness, it is essential that they mistakenly believe that producing and consuming are routes to personal well-being.” In other words, if you want to do your part for your country’s economy, forget all of the above about money not buying happiness.

Have a great weekend!

Nick Aster is a new media architect and the founder of has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.