Wednesday, March 18, 2009

What makes women happy?

Money alone isn't enough to make women happy, according to a study out last month by a Wilson School psychologist. Postdoctoral research fellow Talya Miron-Shatz found strong ties between the financial security of an American woman and the level of satisfaction with her life. Women who spend more time thinking about financial issues were much more likely to be unhappy with their lives, the study found. More than that, research showed that even women who are relatively well were still concerned about financial security in the long run. Miron-Shatz suggested potential solutions to the problem, including the creation of social and financial safety nets for long-term security rather than an immediate increase in disposable income. The findings build on research by Princeton professors Daniel Kahneman and Eugene Higgins, who found that satisfaction doesn’t always increase along with improved financial standing.