Saturday, July 01, 2006

Money doesn't make people happier.



A psychologist at Stony Brook University, collaborating with scientists at other institutions, has discovered what philosophers have long known: Money doesn't make people happier.

Yet the perception that it does continues to motivate people to want more and do more to get more.

In a study that appears today in the journal Science, Stony Brook's Arthur Stone, vice chairman of the department of psychiatry and behavioral sciences, working with scientists at Princeton University, the University of Michigan and the University of California in San Diego, explore the intangible relationship between money and happiness.

"It's mostly illusory," Stone said. "When you look at people's actual experience, the rich are not happier than others. And if they are, it has little to do with the money they have."

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