The Relationship Between Money and Happiness

The Relationship Between Money and Happiness

– Jeff Desjardins

Explore the full-size version of this chart by clicking here.

Charting the Relationship Between Money and Happiness

Charting the Relationship Between Money and Happiness

Today’s chart is best viewed full-screen. Explore the high resolution version by clicking here.

Can money buy you happiness?

It’s a longstanding question that has many different answers, depending on who you ask.

Today’s chart approaches this fundamental question from a data-driven perspective, and it provides one potential solution: money does buy some happiness, but only to a limited extent.

Money and Happiness

First, a thinking exercise.

Let’s say you have two hypothetical people: one of them is named Beff Jezos and he’s a billionaire, and the other is named Jill Smith and she has a more average net worth. Who do you think would be happiest if their wealth was instantly doubled?

Beff might be happy that he’s got more in the bank, but materially his life is unlikely to change much – after all, he’s a billionaire. On the flipside, Jill also has more in the bank and is likely able to use those additional resources to provide better opportunities for her family, get out of debt, or improve her work-life balance.

These resources translate to real changes for Jill, potentially increasing her level of satisfaction with life.

Just like these hypotheticals, the data tells a similar story when we look at countries. …

https://www.visualcapitalist.com/relationship-money-happiness/

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