Money Lessons from the World Happiness Report Story

Come On, Get Happy: Money Lessons from the World Happiness Report

Every March, the World Happiness Report is released, compiling and discussing data from the World Gallup Poll to help us understand what drives life satisfaction and emotion.

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Apparently, we are a resilient bunch, and our ability to see past the present toward a brighter future helped keep our happiness numbers from plummeting.

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How “Happiness” is Measured

Understandably, measuring world happiness is not as simple as conducting a poll, asking people around the world how happy they are.

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The Gallup World Poll measures happiness with a global survey of people in most nations by asking about both emotional wellbeing as well as life satisfaction.

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The 5 Nordic countries all landed among the Top 7 spots for the 2021 Happiness Report Ranking. # 1 Finland, #2 Denmark. #3 Switzlerland

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The 2 lowest ranking countries in the top 10 for total GDP both have more than 1 billion citizens.

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And their GDP per capita is obviously far lower than numerous industrialized nations. Is GDP Per Capita a Better Indicator of Happiness?

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In studying physician burnout, I’ve learned that career satisfaction is defined as much or more by autonomy as it is by compensation.

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To better answer that question, I looked at the Heritage.org Economic Freedom Rankings alongside their Happiness Report Rankings.

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Here are the Top 10 nations on the Economic Freedom Index, followed by their Happiness Ranking. 1. Singapore #32 2. New Zealand #9 3. Australia #11 4. Switzerland #3 5. Ireland #15

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