Bernanke's Top 5 tips for happiness

Wealth and income contribute to happiness and life satisfaction, but other factors must also be very important, Bernanke said in a commencement speech at the University of South Carolina. "Or, as your parents always said, money doesn't buy happiness. Well, an economist might reply, at least not by itself," he quipped. He warned the students to resist the temptation to go into a field or take a job just because the pay is high. "Having a larger income is exciting at first, but as you get used to your new standard of living, and as you associate with other people in your new income b...