Reply To: Does Wealth Equate With Happiness?

As I suspect many of us on the east coast are learning indirectly this week, to an extent money does equate with happiness. Having electricity, running water, and stable access to food (and the knowledge that that is likely to continue) does make people happier. There’s an economist (Richard Layard) who estimated that the cut off point is basically where a society is making a per capita income of $15,000 a year. After that, increases in wealth don’t really increase happiness.