How to Measure Global Happiness

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Sept. 10 (Bloomberg) -- Jeffrey Sachs, Earth Institute director at Columbia University, explains the process behind the University's "World Happiness Report" and why the United States ranks so low on the list. He speaks on Bloomberg Television's "Bloomberg Surveillance."

What everybody says, how dare you compare the united states with denmark question mark what is the value?

Hey, we are still in the top 20. this is great news.

It is fascinating.

This is no longer a cottage industry.

This is a worldwide industry.

We have 156 countries ranked based on gallup data.

Gallup is taking this seriously.

They're doing deep surveys.

With the chief statistician , this is now all over the world.

People are asking, how do you feel?

What is your satisfaction with life?

It turns out there are systematic things to learn, but scandinavia is the happiest place.

But why?

They are prosperous, they live a long time, they have good social networks, corruption is very low.

The united states gets way down because we consider our government -- jeff, i single-handedly pulled the u.s. down.

You do.

Look at his face in the morning.

How many answers do you give to gallup each year?

It is quite noticeable those factors of health, the income, the social support network, degree of generosity as people show through volunteerism are giving.

These factors explain about 75% of the cross-country variation in self-reported happiness is very systematic.

You can really track what is causing scandinavia to be the place to be.

Copenhagen is number one.

It is the fault of congress.

It does make us a bit unhappy, doesn't it?

We need tom keene to go to denmark.

We need a special show there so we can see what is going on.

Coming up, something that will make you smile, a luxury brand like mercedes is coming

This text has been automatically generated. It may not be 100% accurate.

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