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From left, BOT Secretary Thomas Stepp, Ben Bernanke, BOT Chairman Miles Loadholt
From left, BOT Secretary Thomas Stepp, Ben Bernanke, BOT Chairman Miles Loadholt

Bernanke urges grads to do something they love

Federal Reserve Chairman Ben S. Bernanke spoke to graduates Saturday at the University of South Carolina about the importance of doing something they love and living a well-balanced life.

“As your parents always said, money doesn’t buy happiness. An economist might reply, ‘Well, at least not by itself,’” Bernanke told bachelor’s and master’s graduates at Saturday morning’s commencement. “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. . . . The evidence shows that, by itself, money is not enough. Indeed, taking a high-paying job only for the money can detract from happiness if it involves spending less time with your family, stress, and other such drawbacks.”

Bernanke, who grew up in Dillon, received an honorary doctorate of business administration at the ceremony, which honored graduates of the South Carolina Honors College and the College of Arts and Sciences. An economist, he spoke of the many things besides income that contribute to a feeling of well being, including social interaction, community relationships and enjoying what you do.

“Economic policymakers should pay attention to family and community cohesion. All else equal, good economic policies should encourage and support stable families and promote civic engagement,” he said.

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