Posted by moy23 on 11/13/2014 6:13:00 PM (view original):
I nearly fell off my stool... At the bar reading an article my father in law sent to me from the WSJ. The article had a chart demonstrating people are happier with more money at all income levels. Then I checked who did the chart and the study it came from... Betsey Stevenson (Obama's cheif economist, dept of labor). A Democrat.
Here is the chart URL
http://si.wsj.net/public/resources/images/WE-AA766B_HAPPY_9U_20141107152410.jpg
Here is an article with a link to the study....
http://www.marketwatch.com/story/science-money-makes-you-happier-2013-04-30
In summary:
"The correlation between increased income and increased happiness is no different with the rich than it is with the poor, the study finds. The “positive association between family income and reported well-being is remarkably consistent and shows no signs of petering out even at very high incomes,” the study reports. This proves as consistent when making cross-national comparisons between rich and poor countries as when making comparisons between rich and poor people within a country, Stevenson and Wolfers conclude."
What was that term BL was using regarding cheeseburgers and income??? LAUGH... OUT.... LOUD
A few things:
1) Who the **** reads a study like that at the bar? It's 17 pages of economic analysis and another 7 pages of graphs.
2) It's one study. Maybe it's right. Maybe the conclusions of the multiple researchers they reference in the beginning of the study (Diener, Seligman, Clark, Frijters, Shields, etc) are all wrong.
3) Even if all of those researchers are wrong, it's good to know that you acknowledge that the idea that the value of money diminishes as an individual accumulates more is a widely held idea in economics and not some ridiculous thing I made up to troll you.
4) You find that laugh out loud funny???
Edit 5) Good to know that you a) tell your father in law about me and b) think about me while you're sitting at the bar. I'm not into dudes, but if I was, that kind of obsession might get you somewhere.
11/13/2014 6:49 PM (edited)