Importance Of Money And Happiness

Does Money Buy Happiness?

In today’s world, it is a prevailing truth that society often regards money as a ubiquitous element in daily life. As we are approaching a modern era, money seems to be getting more important and it has become a driving force of one’s life. The phrase “money may make the world around” perfectly portrays that our lives are constantly revolving around money. It is agreeable that money is not everything but with money, we can live the life the way we want and afford all the luxuries in life. The accumulation of wealth can fulfill our basic needs in life and can be used to acquire a lot of material things like branded bags and fancy cars. When money is so useful in every way, at the same time many might ponder, can money

In Psychology Today, Carlin Flora clarifies that “happiness is more like satisfied or content than ‘happy’ in its strict busting-with-glee sense.” Carlin proposes that happiness is the feeling of satisfaction in life that will last long. “Happiness involves living a meaningful life, utilizing your gifts and your time, living with thought and purpose,” she added. In another word, true happiness comes from a positive and meaningful life that someone is fully gratified with. Therefore, when someone argues that money can buy happiness, he is trying to uphold that money can bring us long-term contentment in life, which is not always

But have anyone ever wonder money might in turn bring you unhappiness? When we are consumed with money, we tend to forget what real happiness is. Money has diminished our ability to treasure the feeling of happy and contentment. Furthermore, it is fair to say it is a trade off between money and happiness. The opportunity cost is that you have to sacrifice happiness in order to gain more money. The fact that money can actually buy us unhappiness is proven in an experiment performed by Jordi Quoidbach, a psychologist from University of Liege in Belgium. 374 adults that are ranging from custodians to senior administrators are assigned to two random groups; one was shown a picture of a stack of money, another was shown with a blurred image. Then, they were given psychological tests to measure their ability to savor pleasant experiences. It turns out that people who had saw the image of the money scored a lower point. It is not surprising that psychological studies show wealthier people experience more negative emotions and suffer from a lot of psychological