by Mechgold

Created on: April 17, 2008   Last Updated: March 08, 2012

Science conquers the old saying,"People can't buy happiness." A systematized facts or knowledge based on scientific principles, where studies and research are their tools, can settle the question of whether money can buy happiness? Yes, It gives us conclusions. If you happen to post this question in the inter-net and search the phrase "money can buy happiness" you will be surprised or even amazed of listings from journals to researched, books and even blogs, which gives you the answer "yes" money can buy happiness. Money shows or marked pleasure in people lives. In this subjects the old saying is a thing of the past. Money is not the only factor affecting once happiness, but it shows more relevance on the health and status of the person.

Even the Psychology and Psychiatry branch of Science made studies in this topic one example, quoted "Financially richer people tend to be happier than poorer people", according to sociological researcher Glenn Firebaugh, Pennsylvania State University, A graduate student of Laura Tach, Harvard University."We find with and without controls for age, physical health, education, and other correlates of happiness," said Firebaugh, "that the higher the income of others in one's age group, the lower one's happiness." Firebaugh's data found that physical health was the best single predictor of happiness, followed by income, education, and marital status. The researchers found a relative income effect, the richer you are relative to your age peers, the happier you will tend to be. Also says by Adele Horin "It does not make you as content as getting married or finding a job, but money matters more to making people happy than previously believed", according to new research. Studies shows the importance of economic circumstances, undermine findings that poor people are just as happy as the rich are. "Money doesn't buy Happiness - or Does it?" By the Melbourne Institute of Applied Economic and Social Research, at Melbourne University, shows that when wealth, not just income is measured, the rich are indeed happier than the poor are. Professor Mark Wooden, the study's co-author, said: "This has led some people to say money is not that important, relative to other things." However, when people's assets were taken into account, the value of their houses, cars, art works, even stamp collection, a different picture emerged. "Assets were far more important than income in determining happiness," said Professor Wooden. "And when you combine income

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