S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.
Sources: Yahoo! Finance; MarketWatch; djindexes.com; U.S. Treasury; London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.
HOW DO YOU MEASURE HAPPINESS? The 2024 World Happiness Report relies on data obtained through a Gallup World Poll (GWP) that has been conducted since 2005. The GWP asks participants in various countries this question:
“Please imagine a ladder, with steps numbered from 0 at the bottom to 10 at the top. The top of the ladder represents the best possible life for you and the bottom of the ladder represents the worst possible life for you. On which step of the ladder would you say you personally feel you stand at this time?”7
The happiness rankings reflect the three-year average (2021-2023) of the answers received. While the number of participants varies from country to country (and there are no responses for some countries in some years), the usual number appears to be around 1,000 participants per country.
Next, the researchers try to figure out why people in one country are happier than those in another country. The researchers reported that six variables – economic prosperity, healthy life expectancy, having someone to count on, freedom to make life choices, generosity, and freedom from corruption – explained more than three-fourths of the variation in scores.
In 2023, Finland was the happiest country in the world for the seventh consecutive year. The happiest countries included:
1. Finland,
2. Denmark,
3. Iceland, and
4. Sweden.
The least happy countries included:
140. Sierra Leone,
141. Lesotho,
142. Lebanon, and
143. Afghanistan.
The United States was not among the top 20 for the first time since the report was introduced in 2012. The U.S. ranked 23rd, down from 15th last year.
“For the United States, Canada, Australia and New Zealand, happiness has decreased in all age groups, but especially for the young, so much so that the young are now, in 2021-2023, the least happy age group. This is a big change from 2006-2010, when the young were happier than those in the midlife groups, and about as happy as those aged 60 and over. For the young, the happiness drop was about three-quarters of a point, and greater for females than males.”
The difference in reported happiness between older and younger Americans was quite large. Americans who are age 60 and older ranked 10th for happiness, while Americans who are age 30 and younger ranked 62nd.
Weekly Focus – Think About It
“Let go of who you think you’re supposed to be; embrace who you are.”
—Brené Brown, author
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