Compare opinions of world leading experts and influencers.

The Economist


Glenn Firebaugh


...according to many surveys taken in rich countries [...] once a country has lifted itself out of poverty, further rises in income seem not to create a meaningful rise in the proportion of people who count themselves as happy. Since the 1950s, for example, the proportion of Americans who tell pollsters that they are “very happy” has stayed constant at around 30%, while the proportion who say that they are “not very happy” has barely fallen.
13 Jan 2005    Source
Mostly Disagree Does money make you happy? (specifically: absolute spending power) Disagree
In poor societies where individuals lack the necessary income to provide for their basic needs for food, shelter, and freedom from danger, an increase in income is likely to make people happier no matter how much their neighbors' incomes also increase. But once income becomes largely a status marker... Rich Americans tend to be happier than poor Americans, yet the average American is no happier now than three decades ago, when incomes were lower.
17 Jun 2008    Source
...people tend to compare their lot with that of others. In one striking example, students at Harvard University were asked whether they would prefer (a) $50,000 a year while others got half that or (b) $100,000 a year while others got twice as much. A majority chose (a). They were happy with less, as long as they were better off than others.
07 Aug 2003    Source
Agree Does relative wealth make us happier than absolute wealth? Agree
We find that the higher the income of others in one‟s age group, the lower one's happiness, with and without controls for age, health, education, marital status, and other correlates of happiness. Since real incomes tend to increase over most of one‟s working life, this finding implies that working-age families must earn more and more over time to maintain a constant level of happiness. This is an example of what Brickman and Campbell (1971) called a “hedonic treadmill”...
17 Jun 2008    Source