Tuesday, February 27, 2024
HomelifeWhich makes you happier, wealth or well-being?

Which makes you happier, wealth or well-being?

Money can't buy happiness; or can it?

While the best things in life (like oxygen, nature and *gasp* love) are said to be free, a fat wallet does guarantee certain comforts (like food, shelter and security) that generally result in contentment, and hence, happiness.

Still, studies have shown that in countries where nearly everyone can afford life's necessities, increasing wealth no longer matters as much in creating joy. The correlation between income and happiness is "surprisingly weak," observed University of Michigan researcher Ronald Inglehart in one 16-nation study of 170,000 people.

(Read more: This is how a happy workforce can transform a company)

So, in observation of Thursday's International Day of Happiness, designated by the United Nations, we are asking: which makes you happier, wealth or well-being?

Weigh in your thoughts by voting in the poll below.

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