06/14/2012 09:00 am ET

Money And Happiness: How Connected Are The Two?

In this economy, it seems everyone has something to complain about: They don’t make enough money, they pay too much in taxes, they’re angry about the growing gap between the rich and the poor, etc. But Laura Vanderkam, author of the new book All the Money In the World: What the Happiest People Know About Getting and Spending, says the only person standing in the way of achieving a satisfying life on almost any budget is -- you.

She asks: If you had all the money in the world, what would you change about your life to make you happier. For most of us, it’s not a $2 million yacht. What we’d likely buy is a carefree life and financial security. The Fiscal Times talked with Vanderkam, the author of two previous books about Americans’ complex feelings about money.

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