Money does buy happiness, but happiness also creates wealth.
A recent Gallup poll, quoted in The Atlantic, found that “well-being rises with income at all levels of income, across countries.” In other words, as the article’s title states, the poll proves that “Yes, Money Does Buy Happiness.”
Except that it doesn’t prove that at all. What the study actually discovered was a “strong correlation” between each nation’s real GDP per capita and the sense of “well-being” among those nation’s citizens.
Correlation isn’t causation. The data could just as easily be interpreted the other way around: that happiness creates wealth. What’s most likely, though, is that happiness and wealth are part of a cycle, each one creating more of the other.
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