Feds tell college grads that money is not going to make them happy - DFWstangs Forums
 
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post #1 of 13 (permalink) Old 05-10-2010, 06:09 AM Thread Starter
Lifer
 
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Feds tell college grads that money is not going to make them happy

http://www.comcast.net/articles/news...nke.Happiness/


Fed chief to grads: Money can't buy happiness


By JEANNINE AVERSA, AP
Sat May 8, 5:29 PM EDT

Your parents were right. Money can't buy you happiness. That was the message from the Federal Reserve chairman on Saturday to graduates of the University of South Carolina.

"We all know that getting a better-paying job is one of the main reasons to go to college. ... But if you are ever tempted to go into a field or take a job only because the pay is high and for no other reason, be careful!" Ben Bernanke said in his commencement address.

"Having a larger income is exciting at first, but as you get used to your new standard of living and as you associate with other people in your new income bracket, the thrill quickly wears off," he said.

The Fed released his prepared remarks before he gave the speech.

Studies found that just six months after winning a large lottery prize — even in the million of dollars — people reported being not much happier than they were before winning, Bernanke said.

Bernanke's advice blended what economics and social science have to say about personal happiness. When you boil down all the studies and fancy formulas, it sounds a lot like what your parents told you.

Other findings: Happy people tend to spend time with friends and family. Happy people tend to do what they love for a living or a hobby. Happy people tend to feel in control of their lives.

Happiness research is useful for policymakers, too, Bernanke said.

The Fed's goals include promoting economic growth and employment. Richer countries tend to report higher levels of satisfaction because they tend to be healthier, have more leisure time to pursue hobbies and have more interesting work, Bernanke pointed out. Richer countries tend to have few citizens in deep poverty, he added.

Sometimes being unhappy is a good thing.

"It is possible that doing the ethical thing will make you feel, well, unhappy," Bernanke told the graduates. "In the long run, though, it is essential for a well-balanced and satisfying life."

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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post #2 of 13 (permalink) Old 05-10-2010, 06:21 AM
Lifer
 
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What a perfect way to prep young people for socialism. Everyone in the USSR was equally happy back then! Cubans are all equally happy now. There's no reason to pursue a good job. You can be happy being broke!

What a crock...

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post #3 of 13 (permalink) Old 05-10-2010, 06:42 AM
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Money isn't the key to happiness, which is good, because we're going to take all of it from you. Seriously. Get used to it!

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post #4 of 13 (permalink) Old 05-10-2010, 07:18 AM
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I agree that money willnot bring happiness by itself. My job pays well but I enjoy what I do. I look forward to going to work each day. It is like a hobby to me.
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post #5 of 13 (permalink) Old 05-10-2010, 07:19 AM
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he sounds like a sunday school teacher
he needs to say use your new education to go for the gold and let no one stand in your way, not your friends not your family, not your country not your god.

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post #6 of 13 (permalink) Old 05-10-2010, 08:29 AM
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Quote:
Originally Posted by cannonball996 View Post
he sounds like a sunday school teacher
he needs to say use your new education to go for the gold and let no one stand in your way, not your friends not your family, not your country not your god.
Then gold your going for becomes your god.
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post #7 of 13 (permalink) Old 05-10-2010, 08:32 AM
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I beg to differ but I'm pretty sure everyone in 'power' has ulterior motives.

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post #8 of 13 (permalink) Old 05-10-2010, 08:32 AM
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In this case I will not continue going to school since I have nothing to look forward to. I will quit my current job and leech off the system, producing 6 children that I cannot take care of, and proudly use my food stamps to purchase the best steaks I can find.
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post #9 of 13 (permalink) Old 05-10-2010, 08:54 AM
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Originally Posted by Skidmark View Post
In this case I will not continue going to school since I have nothing to look forward to. I will quit my current job and leech off the system, producing 6 children that I cannot take care of, and proudly use my food stamps to purchase the best steaks I can find.
...and vote "democrat" every chance you get.

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post #10 of 13 (permalink) Old 05-10-2010, 08:54 AM
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to quote the band everclear :

Whoever said money is the root of all evil has never had the "joy" of a welfare christmas.
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post #11 of 13 (permalink) Old 05-10-2010, 09:03 AM
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Someone should have told Bernacke he makes too much.

No worries though, since Obama told graduates to not get iPads. They couldn't afford them anyway with those "lower paid" jobs.
http://www.foxnews.com/scitech/2010/...est=latestnews
Quote:
BlackBerry-loving President Barack Obama declared war on technology, singling out Apple’s super-popular iPods and iPads for criticism at a commencement ceremony in Virginia, the New York Post reported Monday.

Obama -- whose election was credited in part to his skillful use of modern media, from smartphones to Twitter to Flickr -- on Sunday told college graduates that high-tech gizmos and apps were straining American democracy.

"With iPods and iPads and Xboxes and PlayStations -- none of which I know how to work -- information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation," Obama said at Hampton University in southeastern Virginia.

Obama described the most popular offerings of companies like Apple, Sony, Microsoft and Nintendo as distractions that are putting unnecessary pressure on the country.

Obama also lamented the spread of social media and blogs, through which "some of the craziest claims can quickly claim traction."
"All of this is not only putting new pressures on you," Obama said. "It is putting new pressures on our country and on our democracy."

"We can't stop these changes," he said, "but we can adapt to them. And education is what can allow us to do so. It can fortify you, as it did earlier generations, to meet the tests of your own time."

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post #12 of 13 (permalink) Old 05-10-2010, 11:36 AM
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BULL FUCKING SHIT....

This is a attempt by the Federal government to get College Students and Other workers to accept LOW BALLED Salaries so that their unemployment statistics will look better before the November Mid-Term Elections.

I once had a employer tell me that "Money isn't a motivator.". I was like, why do you get a yearly BONUS? They avoided answering that question because they KNOW Money is a motivator.

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post #13 of 13 (permalink) Old 05-10-2010, 08:56 PM
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Maybe someone should take Helicopter Bens big house and all his shit away from him if it really indeed doesnt make you happy.

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