Does money buy happiness?

What's the research on this subject? Whilst we all know happy people who live hand to mouth surely having more money makes us happier and gives us choices? Or does it? Here is what humanitarian Deepak Chopra tells us.
      Money can't buy happiness. Happiness, however, can buy you a longer life. A new study published in the National Academy of Sciences found older people who are happy have a 35% lower risk of dying over a five-year period than unhappy people.

But, how does one attain happiness? When asked this question, noted author and lecturer on spiritual matters Deepak Chopra had this to say.

Chopra, the co-author of the book War of the Worldviews, says happiness can be boiled down to a formula.

Happiness = set point in the brain (how you look at a situation) + conditions of living + voluntary choices

Let's take a closer look at these variables.

1. Set point in the brain

Whether you're a glass half full or half empty kind of person is largely formed at a young age. "Unfortunately, this happiness set point is determined for us in our childhood in the first three years of our life," says Chopra. While that may be true, there is hope for those inclined to a pessimistic point of view. "You can change the way you think, you can start to question your limiting beliefs, you can take time to be silent and reflect."

2. Conditions of living

Here's where money comes into play. And, when it comes to happiness, money is not a big factor. "Only 10-12% of our happiness experience comes from money," Chopra says. "Real happiness comes when you have fulfillment, you have creative expression, you enjoy your work, you're engaged, you make other people happy, you have meaning and purpose in your life."

So while it may not be the root of all happiness, money can lead to evil. "The love of money could be the root of evil," Chopra says, when people are concerned with money for money's sake.

Tell us what you think by answering the poll to the right!