Europeans have more time, Americans more money. Which is better?

cause and effect

Financial Times

But few Americans win the big prizes. Many others end up overworked and unhappy, albeit in big houses and cars. In the latest World Happiness Report — a partnership between Gallup, the Oxford Wellbeing Research Centre and the UN — the US finished 23rd for self-reported happiness. Nordic countries took the top spots.

As the Swedish political scientist Bo Rothstein observed: “It is now clear that, from the many societal models that have been tried since the breakthrough of industrialism, social research can point to a winner in terms of human wellbeing and this is the Nordic model.”