Faculty: Seeking money hurts happiness

From: US News & World Report – Money (New York, NY)

Americans have been on a decades-long march toward greater material rewards, social and professional status, and physical appearance. And there are signs that we have become much less happy as a result….

“When people really focus on those extrinsic values, they end up having a worse psychological satisfaction of their needs, and they are less happy as a result,” says Tim Kasser, professor of psychology at Knox College, Galesburg, Ill.

In studies throughout the world of people in all income groups and demographics, he says, “it’s a fairly robust finding in that it seems to turn up over and over again.”… The pursuit of money and materialism play a central role, especially in America. Kasser says our consumption-driven economy bombards Americans with commercial messages about the desirability of material consumption… Read more…