Money Buys Unhappiness

August 31, 2010, 10:00 am by Scientific American: Mind and Brain

“ ’Tis the gift to be simple,” the Shakers sing. Catholic nuns and Buddhist monks take vows of poverty. Why? A new study published online in May in Psychological Science offers a hint. Money--even the thought of it--reduces satisfaction from life’s simple pleasures.Studies have shown that a person’s ability to savor experiences predicts their degree of happiness. Savoring is defined as the emotions of joy, awe, excitement and gratitude derived during an experience. Psychologist Jordi Quoidbach of the University of Liège in Belgium and his colleagues divided 374 adults, ranging from custodians to senior administrators, into two randomly assigned groups. The first group was shown a picture of a stack of money; the control group was shown the same picture blurred beyond recognition. Then the participants were given psychological tests to measure their ability to savor pleasant experiences. The results showed that people who had been shown the money scored significantly lower. [More] Psychology - Belgium - Happiness - Scientific control - Jordi Quoidbach

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