If money can make you happy, does debt make you sad?

Does money, even when borrowed, make us happier – or does the state of owing money add to our dissatisfaction and stress?

A man dressed as banker swims with a giant mock Swiss bank note during the 71st 'Coupe de Noel' Christmas swimming cup in Lake Geneva on december 14, 2008 in Geneva. (Photo credit: FABRICE COFFRINI/AFP/Getty Images)

Humans have long debated the adage ‘Money can’t buy you happiness.’ Popular opinion suggests that, indeed, it cannot, but more recently researchers have challenged this notion. Based on extensive studies, investigators found that money, or income, can contribute to your happiness. In our capitalist society, income leads to increases in happiness to the extent that funds are required to attain the things that lead to happiness. By meeting needs for shelter or food, allowing the purchase of a home or groceries, or opening the window to experiences such as adventure or travel, money can increase our sense of satisfaction with life. 

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Mindfulness Training in Teens Fails to Show Any Benefit in New Study

In this new study, mindfulness-based intervention in schools did not move the needle on teen anxiety, depression, or body image problems.

Photo: Thomas Leuthard / Flickr

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The Gross Failures of Gross Domestic Product

The world economy is often measured in terms of money, but is this the best method?

Is this enough to judge an economy by?

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