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Fed Chief Tells Graduates: Don’t Worry, be Happy

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Fed Chief Tells Graduates: Don’t Worry, be Happy

WASHINGTON (AP) – Your parents were right. Money can’t buy you happiness.

That was the message from the Federal Reserve chairman on Saturday to graduates of the University of South Carolina.

“We all know that getting a better-paying job is one of the main reasons to go to college. … But if you are ever
tempted to go into a field or take a job only because the pay is high and for no other reason, be careful!” Ben
Bernanke said in his commencement address.

“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 bracket, the thrill quickly wears off,” he said.

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