Money makes things much easier, but not necessarily happier

When asked what makes you happy, most will respond with family, friends, health and money. Money alone does not necessarily make you happy, but plays a big part in our lives. Even those who have intangible values must stand up, but that health is also a question of prosperity.

Researcher from the London School of Economics found out that the misery of mankind is not primarily due to poverty and prosperity. Rather, physical and mental disorders are one of the biggest problems. Focusing on the elimination of anxiety disorders and depression would reduce the world’s misery by about 20 percent. This would be four times as effective as fighting poverty. The study analyzed data from, among other things, the US and Germany and concluded that governments’ priorities for life should be prioritized.

The lead researcher Richard Layard:

“The evidence shows that the things that matter most for our happiness and for our misery are our social relationships and our mental and physical health. This demands a new role for the state – not ‘wealth creation’ but ‘wellbeing creation’.”

Over the last 50 years, the average income has doubled, and overall satisfaction has been almost the same. Overall, the costs of a poor supply of mental (and also physical) illnesses should not be underestimated: the Austrian economy, for example, would suffer an annual loss of around 3.3 billion euros.