DAWN.COM

Today's Paper | January 18, 2025

Published 13 Oct, 2014 06:25am

Money matters for well-being

Welcome

Contrary to popular belief, people’s level of satisfaction with money and the material aspects of life has a stronger impact on their subjective well-being in wealthier countries than it does in poorer nations, according to Gallup surveys of adults in 158 countries. In developed societies, money is crucial for comfortable living, whereas in poor, rural areas, shelter and food can sometimes be obtained without money, via barter or subsistence agriculture, say Weiting Ng of SIM University in Singapore and Ed Diener of the University of Illinois, Urbana-Champaign, and the Gallup Organisation.

(Source: Journal of Personality and Social Psychology)

Published in Dawn, Economic & Business, October 13th, 2014

Read Comments

Legal woes deepen as Imran and Bushra convicted in £190m Al-Qadir Trust case Next Story