Mind: Money Can Buy One Form of Happiness

Pulling in the big bucks makes people more likely to say they are happy with their lives overall -- whether they are young or old, male or female, or living in cities or remote villages, the survey of more than 136,000 people in 132 countries found.

But the survey also showed that a key element of what many people consider happiness -- positive feelings -- is much more strongly affected by factors other than cold, hard cash, such as feeling respected, being in control of your life and having friends and family to rely on in a pinch.

"Yes, money makes you happy -- we see the effect of income on life satisfaction is very strong and virtually ubiquitous and universal around the world," said Ed Diener, a professor emeritus of psychology at the University of Illinois who led the study. "But it makes you more satisfied than it makes you feel good. Positive feelings are less affected by money and more affected by the things people are doing day to day."

"What we didn't know before is the extent to which life evaluation and emotional well-being are so distinct," Kahneman said. "When you look at the books about well-being, you see one word -- it's happiness. People do not distinguish."

For more, see Money Can Buy One Form of Happiness, Massive Global Study Concludes by Rob Stein, July 1, 2010, at washingtonpost.com.