Posts Tagged ‘happiness’

An Australian study involving 1000 people has concluded that people who regularly go to concerts are happier with their lives overall than those who don’t. Basically, the survey reports that people who went to any sort of communal musical event said they were pretty satisfied with their lot, on a bigger scale than those who didn’t.

Officially, the study says that it “explores the connection between habitual music engagement and subjective wellbeing,” where ‘habitual music engagement’ might be anything from attending music festivals to just going to the club. The most important part of the experience, however, is supposedly the communal element, the part where you feel joy among others feeling joy, and essentially experience the best bit of being human.

https://noisey.vice.com/en_au/article/wjjywn/science-says-regularly-attending-concerts-makes-you-happier

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That warm, fuzzy feeling you get when you’re being generous or charitable happens when the brain areas involved in generosity and in happiness synchronise.

No one likes a Scrooge. It’s been shown that generous people make more popular partners, and researchers have also honed in on the brain areas linked to generosity.

But fundamentally, being generous means spending resources – be they time, energy or money – on another person that you could be spending on yourself. According to conventional economic theory, this is very surprising: prioritising others over yourself might leave you with fewer resources.

Now neuroscientists have pinpointed how generosity is linked to happiness on a neural level, in a study in the journal Nature Communications.

In a study of 50 people, half were given the task of thinking about how they’d like to spend 100 Swiss Francs (£80) on themselves over the next four weeks. The other half were told to think about how they’d like to spend it on someone else – for example, a partner, friend or relative. They took a test to measure their subjective level of happiness before and after the experiment.

The people who were told to spend the money on others had a bigger mood boost than the group who had planned more treats for themselves.

Immediately after this test, the participants took part in another one. They were put in an fMRI scanner and their brain activity was measured while they were asked questions about how to distribute money between themselves and someone else they knew.

They were given the chance to accept offers such as giving their chosen person a present of 15 Swiss Francs even if it cost them 20 Francs. The people who had been in the ‘generous’ group in the first experiment tended to be more generous in this activity.

The decisions people made in the experiment weren’t just hypothetical, they had real consequences.

“The people were told that one of those options would be randomly chosen and then realised. So, for example they would have to pay 20 Francs and we would send other person the 15 Francs with a letter explaining why they were receiving it,” study author Soyoung Park of the University of Lübeck, Germany, told IBTimes UK.

The scans revealed the brain areas that were most active during the acts of generosity. The area associated with generosity – the temporo-parietal junction – and an area associated with happiness – the ventral striatum – both lit up particularly strongly during the fMRI scans. In addition, the activity of the two regions synchronised.

People tend not to realise how happy generous giving will make them, the researchers conclude.

“In everyday life, people underestimate the link between generosity and happiness and therefore overlook the benefits of prosocial spending. When asked, they respond that they assume there would be a greater increase in happiness after spending money on themselves and after spending greater amounts of money,” the authors write in the study.

“Our study provides behavioural and neural evidence that supports the link between generosity and happiness. Our results suggest that, for a person to achieve happiness from generous behaviour, the brain regions involved in empathy and social cognition need to overwrite selfish motives in reward-related brain regions. These findings have important implications not only for neuroscience but also for education, politics, economics and health.”

http://www.ibtimes.co.uk/warm-glow-you-get-generosity-real-scientific-phenomenon-1629891

Price, who heads up the Seattle payment processing firm Gravity Payments that he founded, has pledged to make sure all of his staffers make at least $70,000 annually in the next three years.

To do that he’s cutting his $1 million salary to $70,000, and dipping into the firm’s annual $2 million in profits.

This will double the pay of about 30 of his workers and will mean significant raises for an additional 40.
Price told employees of the new pay policy at a meeting Monday. For several moments there was stunned silence before people broke into applause and high fives said Phillip Akhavan, a merchants relations worker whose $43,000 salary immediately jumped 16% to $50,000.

“It took us a moment to understand what he was saying,” said Akhavan. His first call was to his wife, who he said didn’t believe him at first.

Nydelis Ortiz, a 25-year old underwriter who only started work there in January called her parents with the news. The family had struggled with homelessness after they moved to the states from Puerto Rico when she was a girl, and Ortiz, who also is now paid $50,000 said she now makes more than both her parents combined.

“My mom cried when I told her,” she said. Her $36,000 salary was one of the lowest in the company.

Jason Byrd, 38, had struggled to get by in Seattle on his $40,000 salary as a technician. “This gives us so much freedom to just do our jobs and not have to worry about money,” he said. He said he’ll save some of his extra pay, and try to pay down some of the $42,000 he owes in student loans. “I almost bought a new Jeep today, then I decided I’ll keep driving this one until it dies,” he said.

Price said he’s the majority owner of the privately-held firm, which he started in his college dorm room 11 years ago. His older brother, who gave him seed money to get started, is the only other stockholder.

“My brother Lucas reacted with caution and questions, but not objections,” said Price. He’s single so he didn’t have to explain his pay cut to a spouse.

Price decided to hike his employees pay after he read a study about happiness. It said additional income can make a significant difference in a person’s emotional well being up to the point when they earn $75,000 a year.

He’d also been hearing employees talk about the challenges of finding housing and meeting other expenses on their current salary, and decided there shouldn’t be such a big gap between his pay as CEO and that of his workers. He described the raises as a “moral imperative.”

Price told CNNMoney he isn’t the only CEO looking to close the income gap. He’s heard from almost 100 other CEO via email and text who say they support his move. “I don’t know if we’ll see enough to move the needle, but i think people of my generation are committed to making a change.”

Price said he’ll stick with the reduced paycheck until he can restore Gravity’s profits.

“My goal is to get back to previous profit levels within two to three years,” he said.

Price said the 50 workers who already earn more than $70,000 were nearly as excited about the news as their lower paid co-workers.

“They are happy that the folks that enable them to be high earners — their team members — will be taken care of,” Price said.

Customer reaction has also been positive.

“They love our service level and think the team deserves it,” he said.

One thing he didn’t expect: “We are all surprised at the coverage this is getting,” Price said.

http://www.stumbleupon.com/su/31DlLA/uz3Yp3-Y:WMTsH3BV/money.cnn.com/2015/04/14/news/companies/ceo-pay-cuts-pay-increases/index.html