“While money can’t buy happiness, it certainly lets you choose your own form of misery”*…
A survey of 43 countries published on October 30th by the Pew Research Centre of Washington, DC, shows that people in emerging markets are within a whisker of expressing the same level of satisfaction with their lot as people in rich countries. The Pew poll asks respondents to measure, on a scale from zero to ten, how good their lives are. (Those who say between seven and ten are counted as happy.) In 2007, 57% of respondents in rich countries put themselves in the top four tiers; in emerging markets the share was 33%; in poor countries only 16%—a classic expression of the standard view that richer people are more likely to be happy. But in 2014, 54% of rich-country respondents counted themselves as happy, whereas in emerging markets the percentage jumped to 51%…
More at “Money and Happiness.”
* Groucho Marx
As we wander past a warm gun, we might recall that it was on this date in 1922 that British archaeologist Howard Carter and his crew discovered a step leading to the tomb of King Tutankhamen in the Valley of the Kings in Egypt. The subsequent discovery of Tut’s nearly-intact tomb was a world-wide sensation, and ignited renewed public interest in ancient Egypt, for which “King Tut”‘s burial mask, now in Cairo Museum, remains the popular symbol.
(For an amusing– and enlightening– explication of “The Mummy’s Curse,” click here.)