Correlation between money per se and happiness

I’ve scanned only the recent economic study of disproving Easterlin paradox. Though from what I had read I can not see the direct (maybe strong but not direct) correlation on money and well-being and deem the rebuttal not satisfying.

Is money really the cause of many our human happiness or the sense of human happiness only exist with contentment and utility of things around us? My position is on the latter though maybe as I read more I might change my position.

Any thoughts?

An analysis: nytimes.com/2008/04/16/busin … ref=slogin

The rebuttal paper: bpp.wharton.upenn.edu/betseys/pa … piness.pdf

many many many studies link happiness to social status and money, ,this includes depression/happiness in old-age. Anyone who doesn’t think theres a life-time connection to a large extent in most people, between money, and happiness have never had a chronic disease or acute disease or any dysfunction that needed medical treatment.

For example, if you need a tooth pulled now and you can afford it, and someone can afford it only in 2-3 months, well, theres a huge difference in quality of life there.

But anyawy, it is only a correlation (a very very strong one) its not like money exponential increases happiness despite all other environmental factors in life. Having a fist sized tumor in your brain, money might not be of much comfort.

But the most important point here is that , money/status is only a *correlation to happiness, because happiness, like every other personality trait, is to a very very very large extent heritable, probably up to around 50%. So you could have a very rich/high status person that has come from a long line of ancestors plauged with depressive and anxiety filled natures, and you can have poor people with low status, who have happiness,due to a predisposition to easily being happy.


I’ve read studies that show that weight is not a predictive factor for heart-attack as much as social status is. That is, smaller people who have poor status/low money, take more heart-attacks than fat people, who have lots of money. (I imagine that fat people with no money are at particular risk) but apparently low status/money = stress, which lowers the immune system (at longterm doses, stress at a shorterm dose, boosts your immune system. Short-term stress is constantly triggered by infectious agents/etc) but long-term stress, isn’t so good.

(or say, shorterm stress could mean your blood is about to be spilled exposing your insides to the horror viruses/bacteria of the outside world)

but anyway the point was that stress was bad on the heart and allowed opertunistic infections the chance to mess with the physiological structure of the heart or arteries, which increases predisposition towards heart-attack and apparently, social status can change that.

So, theres lots of statistical proof that people with low status/income, statistically experience a lot more stress on average. (don’t get me wroing theres plenty of low income people who are more than happy)