There is quite a bit of debate about the scientific validity of
the proverb “money can’t buy happiness”, because studies on this topic have
yielded discordant results. Some studies support the idea that richer people
are happier on average than poor people, but there are also reports that while
the median income in the US has
grown in recent decades, average happiness among Americans has hardly changed.
Since happiness at a young age could merely reflect the family
environment or family income, the researchers also corrected for this by
directly comparing the happiness of siblings growing up in the same family. It
turned out that the same relationship between happiness at a young age and
higher future income held true. Happier siblings who grew up in the same family
were far more likely to earn more money as adults than their less happy
siblings. The researchers also tried to uncover possible reasons for why
happier adolescents go on to earn more money as adults. Their statistical
analysis found that a higher likelihood of obtaining a college degree, getting
hired and promoted, having an optimistic outlook and being an extrovert were
all possible mediating factors that led to the higher income of happier
children. How the happiness of the younger child impacted these factors could
not be determined and the study also did not provide data on whether happiness
at younger ages was associated with better academic performance.
This was an observational study which evaluated statistical associations, but
could not assess direct cause-effect relationships nor did it test whether an
intervention at a young age can actually make a difference. If we found ways to
help children become happier at age 16 (as a parent, I know that this can be
quite challenging!), would that necessarily mean that they would earn more
money when they grow up? We need more research to definitively answer this
question and then identify the potential interventions that would be effective.
One has to also bear in mind that this study was conducted in US adolescents
and may not apply to other societies or cultures. The fact that extraversion
and optimism were associated with a higher income is a reminder that introverts
often face challenges at work and may lose out in terms of promotions and
earnings to colleagues who exude a lot of optimism and cheerfulness. If this
study had been conducted in other societies where there isn't such peer
pressure to be cheerful and optimistic, the results may have been very
different.
As a society, we should try to maximize the happiness of children,
purely for ethical and altruistic reasons and not because it makes them better
earners. However, we live in an environment where terms such as “fiscal
responsibility” are thrown around as an excuse to cut budgets for schools and
for important educational and community programs. This study provides some data
to show that investing in the happiness of children may indeed be “fiscally
responsible” and yield returns that can be measured in actual dollars.
Image credit: Le bonheur de vivre
(The Joy of Life) by Henri Matisse, 1905. The painting is in the public domain
in the US .
