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It's Official: Being Poor Makes People Unhappy
Not long ago we noted that contrary to the old adage, money can indeed buy happiness. Given this, it stands to reason that the converse is likely true as well. That is, no money probably contributes to unhappiness.
Sure enough, a study from Brookings finds that “poverty equals pain, worry, sadness, stress, and anger,” all things one might fairly equate with acute unhappiness. Here’s more:
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The Cost of American Poverty
Reported stress levels are higher on average in the U.S. than in Latin America. Importantly, the gap between the levels of the rich and poor is also much greater, with the U.S. poor reporting the highest levels of stress of all cohorts. Of course ‘stress’ is a complex phenomenon, however: “Good” stress is associated with the pursuit of goals, while “bad” stress is associated with struggling to cope. Bad stress, which is associated with an inability to plan ahead, lower life satisfaction levels, and worse health outcomes, is more common at the bottom of the distribution.
Pain, worry, sadness, and anger (reported as experienced the day before or not) are also all significantly higher among low income cohorts than among wealthy ones, while reported satisfaction with life as a whole is significantly lower, according to our analysis of Gallup data:
The cost and pain of poverty in the U.S. less about basic goods like water and electricity than nonmaterial factors: insecurity, stress, lack of opportunity and discrimination. Many of our policies, such as decent quality education, health insurance or savings incentives can help individuals to move out of poverty; they can also help to reduce the costs of being poor.
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As a reminder, here is the proof that money buys happiness:
This of course is bad news for America, where, as the St. Louis Fed has recently shown, the Middle Class is disappearing as Fed policy inflates the assets most likely to be concentrated in the hands of the wealthy and as wage growth remains elusive for 80% of the country's workers even as the nation's "supervisors" enjoy higher pay.
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So how do we vote out the Central Bankers that make this happen?
There is nothing you can do. Please see your doctor for a mental health evaluation........
Very interesting central bankster gold article that I think all ZH'ers will like:
Dr. Zijlstra’s Final Settlement: Gold as the Monetary Cosmos’ Sunhttp://marketupdate.nl/en/dr-zijlstras-final-settlement-gold-as-the-monetary-cosmos-sun/
Hong Kong murder rate: 0.4
Venezuela murder rate: 53.7
Weird...
"So how do we vote out the Central Bankers that make this happen?"
Article V, US Constitution.
A second convention of states could address the answer to this question as the top of the agenda.
Maybe, vote that the 3rd national bank is nugatory as it goes against the laws of monopoly and thus abandoned?
Maybe, vote that fractional reserve counterfeiting is Unnecessary and Improper, and thus unconstitutional?
http://www.conventionofstates.com/
Worst idea ever. Open up a Constitutional Convention and no telling what they'd change.
Fractional reserve counterfeiting is legal. It's debt not money and doesn't violate anything.
If you don't like it, close out your bank accounts, stop using FRN's and credit. Only use US coins.
AND I quote....
"
The proposed “Federal Reserve System” was to be owned entirely by private banks, though its name implied that it was a government institution. Individuals from the American banking dynasties, including Morgan, Warburg, Schiff and Rockefeller, would hold the shares. It was to be a central bank of issue that would have a monopoly of all the money and credit of the people of the United States . It would control the interest rate and the volume of money in circulation. The Federal Reserve System constructed on Jekyll Island had powers that King Midas could never have contemplated. The objective was to establish a franchise to create money out of nothing for the purpose of lending, get the taxpayer to pick up any losses, and convince Congress that the aim was to protect the public. [71]"
The crimes are there.
http://www.globalresearch.ca/new-world-order-the-founding-fathers/5445255
It only works when, and only when, we use Federal Reserve Notes.
Use only US coins and drive a stake through the Federal Reserve.
"It only works when, and only when, we use Federal Reserve Notes.
Use only US coins and drive a stake through the Federal Reserve."
"Treasury" issues bond[age]. Primary dealers, et al, issue counterfeit to exchange for it. Government uses counterfeit to steal products and labor.
Citizens are then directly taxed to pay for their bond[age].
Citizens who avoid using FRNs cough up coins instead and all is well?
The solution is simple: prescribe money instead of antidepressants.
Bullshit, I'm happy as a fucking lark
I could quote far more but anyoe can read. Thing that get interesting in this piece is the references to the Pilgrims Society. The same society that a certain "silver" blogger has referenced for years.
nice find SA...
and i ordered 40 oz's from SD...
how have your transactions gone with them?
thx man...I picked up 20 oz's on Friday juuuuuuuust above the low of the day. It was fun watching and waiting to pull the trigger and then waiting for Sunday/Monday to see which way it would continue to go. I'm surprised it didn't go down to 15 even...that's usually what happens after I grab some new gear. haha
But that's just playing with pennies for fun. As far as I'm concerned any silver to be had up to about 35 is a steal in terms of today's cost for miners. But any silver to be had under about 135/oz is still cheaper than what the actual price should be after adjusting for inflation from the all time nominal high back in 1980.
And like that article shows from back in the 60's, 70's and 80's in regards to gold value.......waaaaaaay under-valued even for way back then.
SDBullion has been great always. Like I said the other day too, after your 5th purchase with them shipping will always be 6.95 no matter how much you get. 3% CC fee, etc. And they have been doing a .75 over spot at any quantity for Buffaloes for so long that I just don't know how they do it.
I surprised Eric Sprott hasn't bought them out! haha Wish I could. But I've made 12 small purchases of 20/oz's each since last fall and each time my cost has been less while I have tried to time those dips. So over that time periodof 240 oz's and including shipping and CC costs, my avg. per ounce comes to right about 19.50/oz.
Glad you picked up 40!!! Awesome!!! I like their interviews too. Go on the youtubes and just look up silverdoctors each week or their weekly metals wrap podcast for free. The Doc and Eric Dubin always have great guests on.
I refuse to accept that.
hopefully one politican can put the good of the country ahead of their slush fund/charity. Read David Stockman's latest piece...someone needs to jump on this...like Ross Perot did something to that affect. We really are talking about the future of the country and the world. This is building to worse than the Great Depression in someways!
it's a nice thought, but totally hopeless and naiive.
"People as uninformed and as gullible as Americans have no future. Americans are a dead people that history is about to run over." - Paul Craig Roberts
this country is already toast. it can't be avoided at this point. enjoy the collapse, and be prepared to rebuild afterwards. educate yourself as to what went wrong and how to avoid it when we have to build new systems, if you should decide to stay in this collapsing house of cards.
It is really a matter of slavery #1 failed. The owners did not like the PR. Plus they needed to finance housing, clothing, food and rape in order to keep their herds of cotton pickers and coal miners OVERHEAD, That is British/American slavery...and more. So the concept was revisited. Eliminate the overhead of food, clothing and shelter. Make the slaves pay the cost but keep them tied to the serving labour.
So now WE graduate to the more convenient, plotted, planned, PR model. Modern debt slavery, No need to pay for all of the above. Outsource( no need to provide food or shelter at source). Eliminate ( take out any notion that a person can manufacture at a local level and make a living) . Subjugate ( by eliminating any competition by bribery and deals. Eliminate any notion of quality and replace by offshore cheap goods and drive any small manufacturer into bankruuptcy and /or buy them up and rape every asset akin to the Romney model) . Tax every financial transaction. Monitor every thought. Influence every opinion. We are now at the stage of BAN cash and put every transaction into "skimming" and monitored action.
Welcome to the future. But the big problem is that Mommy Nsture will NOT sgree or be bribed. And the legacy these idiots of greed leave to their grandchldren may look just swell on 0000. 00001 terms but there will be no water. There will be no life. There will be no humanity.
Banks are now banning cash. Give your heads a shake. I just wonder when corporations are going to figure a way to own/monetize/sell oxygen.
Since I started freelancing I've been bringing in $90 bucks/h… I sit at home and i am doing my work from my laptop. Th? best thing is that i get more time to spent with my family and with my kids and in the same time i can earn enough to support them... You can do it too. Start here... www.globe-report.com
So how much was funded by a Federal grant for this "epiphany"?
For some odd reason I'm starting to trust Mexican tap water more than anything political
According to ZH everything, absolutely everything is "bad for America".
What are the odds on that?
It is succinct.
"Tonight's top stories.....Being poor makes you feel shitty, night is dark and water is wet.....Film at 11"
trendong news: big dicks are "in".
Poor is relative. My brother goes to Sri Lanka often and what he tells me, those people are poor. In America, poor people often have flat screen TVs and obama phones. Maybe they need to switch places for awhile and see if their perceptions change.
Miffed
Poor people in my neighborhood are obese and drive Jaguars and park in Handicapped parking places. Then they yell at me for being a racist and taking over their neighborhood.
Being cheated makes people angry.
QE is cheating the middle class out of their country.
um. No. The 'fake' middle class cheated the world when they assumed that position based solely on leaving Europe/Asia in rubble after WWII with the FRN as the reserve currency.
Now the middle class is returning to the peasantry where they belong.
I thought voting Democrat made you happy!
No, it makes you ignorant, which they do say is bliss.....
Si Senor.
When you get a bottle of tequila for your vote, you are very happy.
Wait until everyone gets to know lover pâténted, the passion assassins etc. like I know them.
Then u will have more of a clear idea on what's really killing the economy from the grassroots up ......
More than the rest of the shit killing it.
what sucks worse than being poor is being poor but thinking you are middle class until the day realization (and depression) sinks in.
Trajectory matters a lot it seems.
i know a guy who has been somehow living the trappings of middle classdom for decades on a working poor wage. it always amazed me, actually i marveled watching the spectacle. i think the show is about over though. i blame people like that who live beyond their means for keeping the maggots in power so my pity (and patience) is running a bit low.
"If, by happiness, you mean the absence of adversity I and all fabricants are the happiest stratum in corpocracy as genomicists insist. However, if happiness means the conquest of adversity or a sense of purpose, or the xercise of one’s will to power, then of all Nea So Copros’s slaves we surely are the most miserable."
— David Mitchell, Cloud Atlas, 2004
love the movie
heard the book is much, much better.
Based on my reading of this data, happy people get rich. Everyone should be happy, then they would be rich. It's pretty obvious isn't it?
- Lloyd Blankfein
poverty is a state of mind.
I love my cardboard box, I love my cardboard box, I love my cardboard box.......
" Poor peeple are just not ambitious enuff. "
~ Jack Ma
It says "Bosch" on the side. Good German cardboard then.
But we are told 'BLESSED ARE THE POOR".
The USSA is getting more blessings each year, I guess. So, rejoice in your blessings.
I, personally have had nothing but a backpack on my back and been ecstatically happy.
I, personally have had a 7,200 sq ft house on the lake with all the amenities and all the toys money could buy, and been downright miserable.
Happiness is a state of mind.
"In the end, the things that you own, end up owning you" - Tyler Durden
Exactly.
As Jesus said: "Beware! Guard against every kind of greed. Life is not measured by how much you own."
- Luke 12:15
Stupid fucking Beatles. Fuck You Ringo.
Strategic poverty.
happiness is like a high ... it's fleeting and leaves you with hang-over.
Now hold on a minute. That freakin chart looks like government statistics or from some Frankenstein corporation that paid for it. It obviously doesn't include the people that really matter--like me.
There is much happiness on Q99X2 and we have no bankers on our planet. I guess that would equate having no bankers to happiness. eh?
Back when I was poor and someone would tell me 'Money won't make you happy' I'd reply - "Fine. Give me yours.'
Not one took me up on it.
Anyone with money who is unhappy is just too stupid and selfish to know what to do with it. Good lord. The people you could help! What kind of monster would not find joy in that?
A certain amount of money is required to have the necessities- food, clothing, shelter, if one wants to live within the bounds of what is considered "normal" by most western standards.
But if one knows survival skills well- one quickly learns that money is absolutely unecessary- what is needed are food, clothing, shelter.
And once those necessities are met- it's all up to what's between your ears to determine whether you are happy, or not.
Meditation on those facts leads to understanding where happiness really comes from.
Don't shoot the messenger, but it's interesting that the countries that rank highest on this scale (that we've seen before on ZH), are also countries in which people are the least religious.
In Denmark, for example, most people look upon their former Christian beliefs with the same level of amusement as ' Christian' nations look upon the Norse gods (sky god Odin the All-Father, or his son Thor).
Temporary happiness- like those addicted to retail therapy- is pseudo-happiness.
Always looking for the next "fix."
Permanent happiness comes from within- and requires nothing external other than the physical necessities- food, clothing and shelter.
As for the correlation/causation/conclusion being inferred- I would say it's a non-sequitor.
Once food, clothing and shelter (physical needs) are met- the relative state of happiness(or lack thereof) is all between the ears.
Once you really spend time thinking about that- you will know where happiness really comes from.
ST, I've been both affluent and poor. Poor sucks. Affluence does not: not because of 'having ', but because of 'doing'.
Having money not only removes the pressures of basic survival, but allows you to go and do things that truly interest you.
BTW, every Psych 101 or Business School student will have learned about Intrinsic and Extrinsic Satisfiers, about "Maslow's Hierarchy of Needs", etc. These are universal to human nature, not to a specific culture or group.
"Intrinsic and Extrinsic Satisfiers", "Maslow's Hierarchy of Needs" etc
Book knowledge pales in comparison to actual experience.
People thinking they "get it."
Therein lies the rub.
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Edited to add:
Kirk: " allows you to go and do things that truly interest you."
And that is exactly why when times are "good" (we have wealth) we don't learn anything- because we're too busy pursuing our wants (those things that interest us) instead of being put, unwillingly, into a situation where the opportunity to learn is at every corner we turn - those times when things are "bad" (we lack wealth).
Happiness is conditional upon positive environs. Contentment however, bring peace and comfort in all circumstances........
A rose by any other name smells as sweet...
con·tent·ment k?n?tentm?nt/ noun noun: contentment a state of happiness and satisfaction.
synonyms: contentedness, content, satisfaction, gratification, fulfillment, happiness, pleasure, cheerfulness;"he found contentment in living a simple life in the country"
Being poor has no relation to happiness whatsoever unless you have to constantly see rich. Without that, the poorer, the happier.
Hey! No Shit???
I think this study finally proves the utter fucking retard-level incompetence of some people wanting to prove and state the obvious. Thanks.
“poverty equals pain, worry, sadness, stress, and anger,”
If you is white. But them black folks in Bal'more is just lazy and good for nothin.
/sarc
There are 3 words mysteriously missing from this article: correlation, causation and envy.
ZH is on a fast-track toward bullshit land, but I bet the ad revenue is doing nicely.