Happy Kids Make More Money As Adults
The higher a child rates on a happiness or life satisfaction scale, the wealthier they will likely be as adults, according to Dr. Jan-Emmanuel De Neve from the University College of London and Professor Andrew Oswald from the University of Warwick in a recent study.
The two analyzed data from 15,000 adolescents and young adults in the United States. Those who reported happiness grew up to earn significantly more income later in life. It’s not unexpected that happy people were more likely to earn a degree, get a job, and be promoted more rapidly.
According to Science Daily:
[G]reater happiness has a big financial impact: the study shows, for example, that a one-point increase in life satisfaction (on a scale of 5) at the age of 22 is associated with almost $2,000 higher earnings per annum at the age of 29. This is on top of other influences on incomes.
More wealth is also associated with higher degrees of optimism and extraversion.
"Perhaps most importantly, for the general public -- and parents in particular -- these findings show that the emotional well-being of children and adolescents is key to their future success, yet another reason to ensure we create emotionally healthy home environments," Dr. De Neve said on Science Daily.
But this goes far beyond wealth. The emotional stability we instill in our kids means a lot towards success. Happiness comes with having parents that tell you that by working hard you can accomplish all your dreams. Confidence is among our most important assets -- more important than skills, knowledge, and experience.
Kids need to know that they deserve to be happy and get what they want out of life. This way they will do what it takes to reach their goals. But if they don’t believe they’re capable of reaching goals than their own negative talk will actually keep them from reaching them.