Happiness Economics: Can Money Buy Happiness?

In this article:

Do you ever daydream about winning the lottery?
After all, it only costs a small amount, a slight risk, with the possibility of a substantial reward.
But will it make you happy? Will it give you long-lasting happiness?
Undoubtedly there will be a temporary peak in happiness, but will all your troubles finally fade away?
That is what we will investigate today. We explore the economics of happiness and whether money can buy happiness. In this post, we will start by broadly exploring the topic and then look at theories and substantive research findings. We’ll even have a look at previous lottery winners.
For interested readers, we will list interesting books and podcasts for further enjoyment and share a few of our own happiness resources.
Ka-Ching: Let’s get rolling!
Before you continue, we thought you might like to download our three Meaning and Valued Living Exercises for free. These creative, science-based exercises will help you learn more about your values, motivations, and goals and will give you the tools to inspire a sense of meaning in the lives of your clients, students, or employees.

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