Is it possible for money to still buy happiness

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

Have you ever wondered what role money plays in achieving happiness and can you just take it and buy it?

Money can't buy happiness … Or can you buy it?

We all have long been accustomed to the saying “happiness is not in money,” but often we don’t think about whether this is really so. Research shows that money plays an important role in making people feel happy. And to some extent happiness can simply be bought.

Economists at the University of Michigan Batsy Stevenson and Justin Wolfers that wealthy people are more satisfied with their lives than poor people, and that more happy people live in rich countries than in poor ones.

Money allows you to have what you want

Money is a tool with which we can afford quality food, medical care, and exercise in gyms and fitness clubs. All this helps us to maintain our physical health. With the help of money, we can develop intellectually by buying the necessary books and getting an education in the best universities. We can visit any place on the planet, be inspired and develop the way we want it.

Money boosts confidence

Money helps you get emotions that lead to positive results. For example, new clothes often make us more confident. Acquired self-confidence can help you get the job you want, get a good deal, or just add some freedom to your gait. Money can buy fresh experiences and equipment for your favorite hobby. Thanks to this, a person develops creatively and achieves balance. For those who value stability, having money in a bank account helps to gain confidence in the future, because they can cover unforeseen expenses, such as car repairs or emergency medical care for a family member.

Financial stability can strengthen your marriage

We know many examples when financial problems destroy families. This can be verified once again from, which back in 2009 showed the relationship between financial problems and divorce. Loneliness or the absence of a partner is discouraging for many, and it goes without saying that a comfortable partnership becomes a source of happiness. In this case, money plays an important role in creating and maintaining good relationships in marriage, while minimizing stress. You can hire a nanny, cleaning lady, or other household helpers to spend more time with your family and not be distracted by minor problems.

Money can buy happiness up to a certain point

Despite this, complete happiness cannot be taken and bought so easily. Princeton University expert Angus Deaton with Daniel Kahneman showed that although rich people have a more positive attitude towards their lives, there is no direct relationship between wealth and daily emotional state of satisfaction. In addition, they found that health, loneliness, smoking, but not money were the most prominent indicators of assessing daily emotions. Scientists argue that money can buy satisfaction, but not happiness, although the lack of income has a negative impact on both.

How much money does it take to be happy

Deaton and Kahneman argue that a certain amount of money can reduce stress and potentially increase satisfaction or even happiness, for example, for the United States, this is no more than $ 75 thousand per year. After this threshold, people's feelings of satisfaction do not increase as they did before.