Skip to main content
Back to All Blog Posts

Happiness is built on relative wealth

I read an article recently that talked about one of my favorite subjects: happiness. It always seems like just a little more money will make us happier, right? If we just had a couple thousand dollars to buy a new computer, or a pair of shoes, or ten pairs of shoes if you are a girl, we would be so much happier! What does research say about this? Sure, it will make you happier, just as long as no one else gets a couple thousand dollars also.

The trick is that happiness, in relation to wealth anyway, is completely relative. If you get a raise and a promotion at your job, you will be measurably happier. What if everyone gets a raise? You will be just as happy as the day before.

This is probably a consequence of America’s culture of keeping up with the Jones’s. If we see that our friend across the street bought a sweet sports car, we need to buy the same one to show that we’re just as good as he is. Of course, we don’t take into account that our friend might have gone into debt to get that car, just like you will have to.

Unfortunately, there is no easy answer to this question. How can we increase our happiness factor? By increasing our income in relation to other people? Sure, that’s one way. Another way is to refocus our priorities away from showing off our wealth to getting only what we need.

Get rid of clutter, get rid of unnecessary things, and be happy. Your health and wealth will be the better for it.

Personal Loan Rates

This is FREE and won't impact your credit score.

I want
Enter up to $40,000
My credit is:

To Read Next

1 min read

Lending Club and the Marketplace Model

Some of our investors have observed the funding environment and asked: “Are you going to become a balance sheet…

Read More
< 1 min read

More Data Coming for Investors

We’re always seeking feedback and looking to make the investor experience better and more transparent. In that spirit we’ve…

Read More
< 1 min read

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Bloomberg Markets released its annual “Most Influential” list, and we’re thrilled to share that our CEO, Renaud Laplanche, was…

Read More