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The 10 Things Economics Can Tell Us About Happiness

feed-well:

1) Generally speaking, richer countries are happier countries (see above). But since many of these rich countries share other traits — they’re mostly democracies with strong property rights traditions, for example — some studies suggest that it’s our institutions that are making us happy, not just the wealth. More on that in a second.

2) Generally speaking, richer people are happier people. But young people and the elderly appear less influenced by having more money.

3) But money has diminishing returns — like just about everything else. Satisfaction rises with income until about $75,000 (or perhaps as high as $120,000). After that, researchers have had trouble proving that more money makes that much of a difference. Other factors — like marriage quality and health — become more relatively important than money.

Read the rest. [Image: new economics foundation]

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Swiss Govt: Downloading Movies and Music Will Stay Legal

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What Sells In a Recession

What Sells In a Recession

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How I Pinch A Penny

How I Pinch A Penny

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you know what’s messed up?

edatrix:

i just spent about $75 on a new French press, Rxs, shampoo, a toothbrush, and toothpaste (sidenote: have you SEEN the toothbrush aisle lately?  there are, like, 100000 different kinds of toothbrushes).  These are all things I need to live and not be cranky or have raging heartburn or really stanky breath.

walking home i was bitching to myself about how much things cost and all of that, then it occurred to me that I wouldn’t bat an eye about spending the same amount on a pair of shoes or a bag or a night of drinks.

i’m trying really hard to curb my spending and prioritize…really.

Good luck with that. I’m really trying hard to make a lot more money and hire help.

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Acting’s a good racket. And lets face it, you can’t beat it for the bread.

Acting’s a good racket. And lets face it, you can’t beat it for the bread.

Steve McQueen, 1930 – 1980

via QOTD

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Money buys happiness — if you spend on someone else

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The Penny Pyramid

The Penny Pyramid