Wealth does not create individual happiness and it doesn’t build a strong country, either

A study in the recent issue of Psychological Science in the Public Interest addresses how economic status is no longer a sufficient gauge of a nation’s well-being. The authors argue that the psychological well-being of its citizens is the greatest measure of a nation– not the well-being of its economy. “While wealth has trebled over the past 50 years%u2026well-being has been flat, mental illness has increased at an even more rapid rate, and data, not just nostalgic reminiscences, indicate that the social fabric is more frayed than it was in leaner times,” the authors state. Prosperity is neither the answer nor the cause of satisfaction. The study calls for an ongoing systematic set of national indicators of well-being to report on a society and aid in its policy-making.

Dr. John Grohol is the CEO and founder of Psych Central. He is an author, researcher and expert in mental health online, and has been writing about online behavior, mental health and psychology issues -- as well as the intersection of technology and human behavior -- since 1992. Dr. Grohol sits on the editorial board of the journal Cyberpsychology, Behavior and Social Networking and is a founding board member and treasurer of the Society for Participatory Medicine.

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    Last reviewed: By John M. Grohol, Psy.D. on 24 Sep 2004
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