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Old 12-13-2016, 08:32 PM
33,046 posts, read 22,039,041 times
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An online investment ad features a broker claiming that his clients with pensions generally are happier and feel wealthier than clients without a pension. What do you think?

Those who have it, those who have pensions consistently we see are happier, see themselves as being wealthier in retirement.

What's Your Social Security Worth?
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Old 12-13-2016, 09:17 PM
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Guaranteed income makes for security, security can bring happiness.

Beats eating dogfood under a highway overpass.
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Old 12-13-2016, 09:44 PM
Location: New York, NY
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Old 12-13-2016, 09:51 PM
19 posts, read 13,823 times
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Although not tied directly to happiness, NPR recently did a story about wealth and cognitive function. According to the story, it is well known that people with more wealth typically suffer less from cognitive decline. There is a case-study to back this up:

Back in the 1970's, there was a computational glitch that gave new benefit recipients in a specific year a higher percentage of income replacement for life than they were supposed to receive. Those recipients were tracked by researchers, as were the recipients that followed the year after them who received the correct Social Security amount. The study found that the recipients with the higher income had statistically significant lower rates of cognitive decline.
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Old 12-13-2016, 09:52 PM
Location: Sugarmill Woods , FL
6,235 posts, read 5,894,156 times
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Having enough money is always better than not!
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Old 12-13-2016, 09:52 PM
Location: SoCal
13,191 posts, read 6,308,074 times
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Most likely.
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Old 12-14-2016, 05:25 AM
Location: Florida -
8,760 posts, read 10,832,098 times
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In relative terms (less stress and worry), it seems obvious that those with guaranteed, fixed lifetime incomes are 'happier' than those without.

In the context of the reality that 'money can't buy happiness,' those with pensions are not necessarily happy.
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Old 12-14-2016, 08:50 AM
Location: Seattle/Dahlonega
547 posts, read 388,030 times
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"Money can't buy happiness, but it can buy a jet ski. And you never see an unhappy person riding a jet ski." -Comedian Bill Hicks
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Old 12-14-2016, 09:09 AM
Location: Florida & Cebu, Philippines
2,808 posts, read 2,435,783 times
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Knowing how much is coming in each month has made it a lot less stressful for my wife and I while in retirement, so yes having a pension and especially one with COLA's, as well as SS does make life much less stressful and when I added an annuity to it, so that I know my wife will always have an income should something happen to me, that dropped my stress level to zero ever since.
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Old 12-14-2016, 09:12 AM
Location: Grosse Ile Michigan
26,519 posts, read 62,912,197 times
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It depends. My FIL had a Polaroid pension. - Not too happy.

My Dad has a GM pension. while it made him happier for a time, the bankruptcy was very stressful since he was dependent in part on the pension and it looked like it might go away.

IN general I woudl think most are happier with a pension of some sort. Better than a 401K because the pension at least seems more secure.
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