Reference: Mohanty, M. S. (2014). What determines happiness? income or attitude: Evidence from the U.S. longitudinal data. Journal of Neuroscience, Psychology, and Economics, 7(2), 80-102. doi:https://doi.org/10.1037/npe0000019 Can Money buy Happiness? The U.S. National Longitudinal Survey (1979-1992) with over 12,000 teens finds that when they were teenagers, young adults, and mature adults, income was a significant predictor but not the only predictor of happiness (as measured by self-satisfaction). More years of schooling were relevant for teenagers and young adults, while fewer health problems and home ownership predicted happiness for mature adults. Marriage and fewer children were only relevant for young adults. Income rising was important for young adults but had decreasing influence on mature adults. What was the major influence with a much larger effect on happiness at all ages? A positive attitude has a gigantic effect on happiness at all ages. A positive attitude led to having a greater sense of control over their lives, higher self-esteem, and stronger social relationships. A positive attitude is key to happiness! So, if you want to feel happier, practice focusing on and appreciating the positives you find in your life. Look, Listen, Taste, Touch, Smell! Remember, happiness is not just about the money you make, but about the attitude you carry.

Written by Jarret Bain B.S.