Can Money Buy Happiness?

Much has been written about money and happiness. Perhaps Abraham Lincoln summed it up best when he said that “most folks are as happy as they make up their minds to be.”

Did you know there is a science of happiness? Economists have spent a great deal of time researching happiness and money. Just like everything else, money has diminishing returns, even if generally speaking, people who are more wealthy are happier people.

AsapSCIENCE put together a useful short (3 minute) illustration. You should take a few minutes to watch the video below because it will help you to better understand the things that might make you happy.

More importantly, if you run a business or manage people, understanding the relationship between money and happiness will help make you a better leader or business owner.