Money Can’t Buy Happiness. Yes It Can.

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The guardrails protecting democracy may have buckled, but they are not broken. Autocratic forces are ascendant in America, but the story isn’t fully written. Truth-telling independent media is one remaining bulwark against Trump’s unrestrained exercise of power. He rails against the press as the “enemy of the people,” because he hates the scrutiny that comes from fearless investigative reporting. Our nonprofit newsroom is built for the chaos ahead. Please stand with us.

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From Germany’s Institute for the Study of Labor:

“One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to two control groups – one with no wins and the other with small wins – these individuals go on eventually to exhibit significantly better psychological health.