Economic Growth Does Not Guarantee Rising Happiness
Click to read: Economic Growth Does Not Guarantee Rising Happiness
Source: The Economist
Snippet: Philosophers from Aristotle to the Beatles have argued that money does not buy happiness. But it seems to help. Since 2005 Gallup, a pollster, has asked a representative sample of adults from countries across the world to rate their life satisfaction on a scale from zero to ten. The headline result is clear: the richer the country, on average, the higher the level of self-reported happiness. The simple correlation suggests that doubling GDP per person lifts life satisfaction by about 0.7 points.
In total the world’s population looks roughly equally divided between places where happiness and incomes have moved in the same direction over the past ten years, and places where they have diverged.
The Economist, March 2019/ Economic Growth Does Not Guarantee Rising Happiness