Money And Happiness - Not Minding Being Poor Apparently Helps, Says Psychologist

Tuesday, March 17, 2009 - 21:21 in Psychology & Sociology

Though the popular conception has been that "money can't buy happiness," studies have shown that wealth can play a role in enhancing happiness.    A study of American woman by a Princeton University psychologist says money doesn't buy happiness - not caring about having no money apparently makes the difference. Women who concentrated on financial matters were less likely to be happy with their lives, according to Talya Miron-Shatz, a postdoctoral research fellow in the Woodrow Wilson School of Public and International Affairs at Princeton, even though they had plenty of money by conventional standards. Conversely, those who didn't fixate on finances like retirement savings, tuition for college or simply making ends meet, reported being the happiest of the group. read more

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