The relationship between money and happiness
visualcapitalist.com
visualcapitalist.com
[1] http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-c...
[2] http://www.visualcapitalist.com/relationship-money-happiness...
I didn't really understand how they came up with that as a trend line.
I agree that they made an obvious decision to give design preference over legibility. My first glance at the page was "this is neat", but as I tried to wrap my brain around the data, my thoughts changed to "what an unnecessary mess".
Regarding what it's showing I have some real reservations about the satisfaction score. It's pretty subjective how happy a person is, and it's not actually that easy to translate the question into foreign languages. Just consider in English:
- Are you happy?
- Are you generally happy?
- Are you satisfied with life?
- Are you overjoyed?
All these things mean something similar but cannot easily be translated to all other languages in the study.
Plus there's a question of how people really think about the question. If I'm living in Scandinavia I will constantly be bombed with the results of this exact type of study. Maybe I won't think so hard when I consider what the answer should be. Because I know it, I read it in the paper.
On the income side, you could argue that the score should be the median income, not the average. There's a number of small, rich countries where a few people are insanely rich. I think Equatorial Guinea showed up on one of those GDP/C lists last time I looked.
Happiness is an extremely tricky subject, and the Latin America thing brought back memories of discussions about whether LA countries and cultures simply self-identified as happy, or whether they really were happier. I always thought just asking people if they were happy was a really dumb way of comparing levels of happiness, and that more objective measures of populations, like number of suicides (however problematic in itself, eg a reluctance in some cultures to identify death as suicide) was more reliable.
Gdp per capita doesn't take into account different purchasing powers locally. Nor does it take into account income inequality. i.e., the influence of a few people on the happiness measure is negligible compared to their influence on the income statistic.
https://en.wikipedia.org/wiki/Median_income
It drops from 3rd to 18th, Qatar drops from second to 23rd.
https://en.m.wikipedia.org/wiki/List_of_cities_by_murder_rat...