Chapter
The Truth About Money and Happiness
55:19 - 1:04:59 (09:40)
Money cannot buy happiness, but having money can reduce stress and provide access to experiences that can lead to happiness. Self-reported levels of happiness are the same for those who won the lottery and those who became paraplegic one year after the event.
Clips
The overall outcomes for paraplegics in terms of their mental and physical wellbeing scales with how early they had the injury and how long they had the use of their limbs.
55:19 - 58:30 (03:10)
Summary
The overall outcomes for paraplegics in terms of their mental and physical wellbeing scales with how early they had the injury and how long they had the use of their limbs. Surprisingly, one year after winning the lottery or becoming paraplegic, their self-reported levels of happiness are the same.
ChapterThe Truth About Money and Happiness
EpisodeScience-Based Tools for Increasing Happiness
PodcastHuberman Lab
Contrary to the popular belief that money can't buy happiness, money can indeed enable people to afford things they couldn't before, including the ability to buffer stress, provided they use their money responsibly.
58:31 - 1:04:59 (06:28)
Summary
Contrary to the popular belief that money can't buy happiness, money can indeed enable people to afford things they couldn't before, including the ability to buffer stress, provided they use their money responsibly. This is an essential idea to frame, precisely because it's a popular notion combined with the idea that increased earnings don't make us happy.