Money makes you happier when it covers basics like food and shelter, but a $100 million yacht won't. The speakers use a time analogy to show the scale difference: a million seconds is 11.5 days, a billion seconds is 31.5 years.
Questions this video answers
About 11.5 days.
About 31.5 years.
Does money play any role in people's happiness? According to your study?
It does that what we find is that you need to get your basic needs met in order to be happy. And that every dollar you make toward getting your basic needs met, like, you know, food and shelter and educating your kids, like every dollar you make makes you happier. We know that, but that, then it's. If you, you know, you buy that $100 million yacht, it doesn't really make you happier on average. Like, you know, if you, if you took all the hundred million dollar yacht owners, they wouldn't be happier on average than the people who basically had enough.
Who only have a $50 million yacht.
Yeah, yeah, yeah, exactly.
But you, but you know, comparison is relative, right? Because billionaires aren't comparing themselves to us. Billionaires are comparing themselves to each other. You want to understand the difference between a million and a billion?
Yeah.
So an easy way to understand the difference. A million seconds is 11 and a half days. A billion seconds is 31 and a half years.
