Life After the Economic Collapse: How Having Less Will Make Us Happier
Belief:
What if People Actually Treated Religion as Just a Metaphor (Like Trekkies and Secular Jews)?
Greta Christina
Corporate Accountability and WorkPlace:
15 Signs American Society Is Coming Apart at the Seams
David DeGraw
DrugReporter:
When It’s Crunch Time at College, Students Turn to Adderall
Erik Hayden
Environment:
20 Weird, Crazy Ideas for Helping the Earth
Food:
The War on Soy: Why the 'Miracle Food' May Be a Health Risk and Environmental Nightmare
Tara Lohan
Health and Wellness:
Pharmaceutical Giant Paid $500,000 to Psychiatrist Who Used Chicago's Poor as Guinea Pigs
Christina Jewett and Sam Roe
Immigration:
Dobbs' Resignation Was Long Overdue
Janet Murguía
Media and Technology:
Is Right-Wing Media Hustler Trying to "Blackmail" Obama's Attorney General over ACORN Videos?
David Edwards, Muriel Kane
Movie Mix:
The Yes Men: Pranksters Out to Fix the World
Mark Engler
Politics:
New Right-Wing Craze: Using Bible Quote to Pray That Obama’s 'Days Be Few'
Amanda Terkel
Reproductive Justice and Gender:
Hey Guys, Don't Want Kids? A Vascetomy Is Probably the Way to Go
Anna Clark
Rights and Liberties:
Economic Crisis Is Getting Bloody -- Violent Deaths Are Now Following Evictions, Foreclosures and Job Losses
Nick Turse
Sex and Relationships:
How Abstinence-Only Programs Perpetuate Dangerous Stereotypes
Martha Kempner
Take Action:
G-20 Meetings: Nothing Much Happened in the Suites, and There Was Too Much Punch in the Streets
Laura Flanders
Water:
Poseidon's Financial Shell Game: Why Is a Private Desalination Plant Asking for Public Money?
Peter Gleick
World:
Army Sends Mom to Afghanistan, Infant to Protective Services
Dahr Jamail
“The pursuit of happiness.” It’s so American that it’s in our Declaration of Independence, where it’s listed alongside life and liberty as an inalienable right.
But how successful have we been in that pursuit? And now that the global finance system is imploding, how likely is it that we’ll be happy in the coming months and years?
Can’t Buy Love
Since roughly the 1970s, Americans have been buying things madly, whether we could afford them or not. We were promised that a bigger car, a more trendy purse, or a flat-screen television would bring us happiness, and we’ve been acting accordingly. We were promised that an ever-growing economy would make us all rich. But while our gross domestic product increased more or less steadily from the 1970s until the onset of the current financial crisis, most of us did not see a rise in our standard of living or our wellbeing. Wages stagnated, while the costs of basic needs -- like homes, medical care, food, and energy -- climbed rapidly. Those in the top 20 percent increased their net worth by 80 percent over the last 25 years, while the bottom 40 percent actually lost ground.
Few families today can make it on a single wage-earner’s income, and a health problem or a job loss can send a middle-class family into poverty or even homelessness.
Yet we continue to buy the products that are supposed to make us happy, driving many of us deeply into debt. Families are carrying an average credit card debt of $5,100, with interest rates that often make payoff nearly impossible. In recent years, home equity reached record lows as people borrowed against the value of their homes. In 2004, the most recent year for which Federal Reserve figures are available, debt secured by real property exceeded $290,000 per household, almost three times what it was only 15 years before.
All this debt makes life more precarious. It also increases our dependence on long work hours, which -- if we can find work at all -- combines with long commutes to eat up the time we might otherwise have for things that research shows actually would make us happy.
It’s easy to fall into the trap of believing that having more stuff will lead to happiness, because there’s an element of truth in the advertiser’s promise. We do need a certain amount of food to live, after all. Shelter is good. We need clothes, tools -- a bit beyond the bare necessities can be nice. And having stuff has always been a way to show that you are successful and entitled to respect. But after the novelty of a new outfit or laptop wears off, we’re left with a hole in our wallets and an empty feeling, which -- advertisers tell us -- we should fill by shopping for yet more new and improved stuff.
Following this advice may keep the corporate economy humming, but has it made us happy?
Many figures suggest the answer is: not really. Broad standards of wellbeing like the Genuine Progress Indicators show that our health, quality of life, economic security, and environment, taken together, stayed flat, although we worked harder. A 20-year study by the OECD found the United States has the highest rate of inequality and poverty among the developed countries, and the income gap has grown steadily since 2000. A recent Gallup poll found that just half of Americans live free of worries about money or health, compared to 83 percent of those in Denmark. When the World Health Organization and Harvard Medical School studied rates of depression in 14 countries, the U.S. topped the list.
How Many Planets Does it Take?
It’s not only Americans who are taking a hit from an economic system that puts money and growth ahead of real wellbeing. People around the world are losing access to their own natural resources and economic sovereignty.
Corporations seeking to profit by stimulating and feeding our appetite for stuff have trampled on the livelihood and ways of life of Mexican farmers, indigenous rainforest dwellers, African miners, and Thai factory workers. When land buyouts or subsidized agricultural imports make traditional lifeways impossible, many of these people arrive in crowded cities with no choice but to work for rock-bottom wages or attempt an arduous migration to a higher-wage country.
See more stories tagged with: health, environment, work, happiness, economic security
Sarah van Gelder is Executive Editor of YES! Magazine where you can read her blog.
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