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correlation between money and happiness essay
correlation between money and happiness essay
correlation between money and happiness essay
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The more money you have, the more happiness you get, doesn’t it? As seen in an objective way, happiness in rich family and poor family are quite different since the ways that they feel the sense of blessings is clearly contrary. In such a fast-paced life at present, whether a happy family is built up without materialism. According to Corley, T.C. (2015) “ Being wealthy can increase happiness in many areas of life. Wealth and poverty have a domino effect on all aspects of your life, so if you improve your financial condition in life, you will increase happiness in other aspects of your life.” However, the poor suppose what makes family blissful is basically having time to share and be together. Therefore, so as to compare the level of happiness …show more content…
The Rich family who do not hesitate to purchase material items, can spend money on consecutive holidays and travel place to place. Additionally, they can pursue their habits, passion at any time. In the view of the fact, being rich helps them enjoy their life more and have good memories together. Besides, financial issue is not a big problem of the rich, which improves marital status. In particular, husband and wife avoid arguments about paying bills, the burden of financial condition. This also means that the number of divorces lowers. Indeed, Vulliamy, E. (2016) reported the first factor among top nine common reasons for married couples getting divorced is money. Otherwise, to people who have low income, money is a stress. In fact, it is sensitive problem in the marriage, for example, if a wife is always nagging on the cost of payment, gradually that makes the other spouse tired and stressful. Additionally, husband and wife get a headache to manage their pocket, save money for their children’s future or deal with debt options. What is worse, when one spouse is jobless, the burden falls into the breadwinner. In the long-term enduring the pressure of working so hard to support all of the family members, they would tend to be irritable. Since then, the atmosphere of joyfulness is gone, replaced by disharmony and conflicts. Furthermore, children born in the rich family are luckier. Obviously, those children are always protected in the arms of parents, finding joy with favorite toys. In addition, their parents invest much in their education, so all of the children of the rich have an opportunity to go to school. The reason is that the happiest thing to parents is observing children growing up well in the future, no parents want their children to struggle with life. Pappas, S. (as cited Myrskyla, M, 2011) also agreed: “Children may be a long-term
A well-known expression is that money can’t buy happiness, yet people fantasize of winning the lottery, living in their dream house, and possessing enough tangible objects to feel satisfied with their lives. Most are under the preconceived notion that the absence of wealth and power translates to hardship and despair. This, however, is not the case, because a self-effacing lifestyle is not an indication of a lower quality of life, and often is better than one of great fortune. People yearn to have the financial independence and capabilities of those in higher ranking positions, and are willing to abandon their morals and own personal well-being if it means being successful. It seems that by reaching a level of wealth in which money is no longer
The truth is that money and riches really don’t bring anyone an unsurpassable or measureless amount of happiness. For example, winners of the Powerball lottery game may seem to have found happiness, but on a recent Oprah show they told of their extreme depression, and even the debt that money cost them. In fact, being rich or powerful brings just the opposite of happiness. It brings depression, and a legacy of nothingness.
Would you rather have millions of dollars or enjoy a life with happiness? Right after reading this question, most of the people would be saying, “Duh! Of course, I would choose to be happy”. And it is mainly because the goal of working hard is to live a life with more happiness. Then how do people try to achieve this goal of being happy? Not surprisingly, majority of the crowd seems to approach and see this goal of ‘happiness’ as being successful, translating into having a lot of money. Then does it mean that we feel happy if we possess piles of money? Does more money mean more happiness? If we search for “Can money make us happy” in Google, it shows 324 millions of results, and looking at the research from ‘80000 hours’, it says, “Note that this is $50-75,000 of household income. That’s equivalent to an individual income of more like $26-40,000”[1]. Ironically, this research shows that the equation of ‘more money is equal to more happiness’ is not always true. Reading the book “The Great Gatsby” by F. Scott Fitzgerald, the main character, Jay Gatsby tries his best to be rich for the marriage with his old girlfriend, Daisy. Thankfully, he does become rich, however, he gets shot by an incident and at the funeral, only a few people attend. Now, can money truly afford happiness?
The article “High Incomes Don’t Bring You Happiness” verbatimly states, “Beyond $75,000, money is important for life evaluation, but does nothing for happiness, enjoyment, sadness, or stress” (Kenney 4). Those who spend prodigal amounts of money disdain plebeians because they claim that money is the foundation to living a great life. However, money only helps one meet certain needs and does not contribute in instigating true happiness within oneself. Happiness comes naturally by one’s actions and accomplishments. Although, money helps buy the commodities which satisfy one’s life, it is not the direct source for obtaining glee within a
One reason described to be a cause of happiness is income. Don Peck and Ross Douthat indicate how, “National income appears to be one of the best single predictors of overall well-being, explaining perhaps 40 percent of the difference in contentment among nations” (352). With this statement, comes the explanation of how income can influence happiness in adults who strive to earn a living. Research illustrates how, “For individual countries, with few exceptions, self-reported happiness has increased as incomes have risen” (Douthat 352). While these two statements provide sufficient evidence for the reason of income bringing happiness, income itself is not relevant.
Recognizing that most people are reasonably happy, but that some people are happier than others, researchers are offering a fresh perspective on an old puzzle: Who are the happy people? Does happiness favor those of a particular age, sex, or race? Does wealth enhance well-being? Does happiness come with having certain traits? A particular job? Close friends? And active faith? Are those people who go to work in suits happier and more fulfilled than those who go in overalls? Do people higher on the socioeconomic ladder enjoy life more than those lower down? Can money buy happiness? As a consequence of racism and relative poverty, are black Americans less contented on average than white Americans? Because men still hold the reins of power, are men happier than women? Myers and Diener 1995, indicated that the answers to these questions is surprisingly no. These authors pointed out that people have remarkable ability to adapt, both to bad fortune and to good, so that one's life circumstances, unless they are very bad indeed, do not seem to have lasting effects on one's mood.
He further shows us that the people of today are richer than their grandparents but are not happier in their lives (from National Statistics of social pathology). Even with these facts, people in the United States still believe if they had more money all of their problems would be solved, but once they reach that next income bracket they are not satisfied and try to reach the next one. Myers et al tells us, "even if being rich and famous is rewarding, no one ever claimed material success alone makes us happy. Other conditions like - family- friends- free time - have been shown to increase happiness" (Csikszentmihaly 145). therefore we must find balance in our own lives, and not just focus on making money. Instead we need friends, family and even free time, as aforementioned doing an activity you enjoy such as listening to music or
Wealth and happiness are two things society sees as coinciding: to be happy, money is a necessity, and to make money, happiness is essential. This assumption about wealth is close to correct, however overlooking the impairment wealth brings to a person: ignorance. Ignorance is a trait found in all sorts of people, but occurs the most often in those with wealth. When one’s wealth is so grand paying a house full of people to like you is reasonable, ignorance is bound to flourish. Without needing to be a good friend or a good person to make people joyful, the wealthy often forget to introspect, and instead inspect their houses to make sure the guests in them are pleased. The guest’s pleasure does not come from knowing the
While financial status and certain age groups affect overall well-being, where is the middle-ground? Where can money play a role in someone’s overall happiness? Harvard Business School professor Michael Norton, a contributor to the article “Money really can buy happiness, Harvard prof. says” by Patrick Gillespie, believes that happiness indeed has a price tag. Within the article Gillespie revealed the studies of Michael Norton, who has researched the science of spending. Norton says, ”We're really underspending on the things that make us most happy,”(Gillespie) Norton’s theory ultimately suggests that it’s not what you buy but how you buy it. Spending money on experiences that last a lifetime rather than buying a new phone or TV that lasts
It is easier for wealthy people to pay for their needs, such as health care and dental care. If any abrupt situation approaches dealing with their health, a wealthy person will be financially stable to pay and fix it. According to an article, "Happiness Around The World: Is There More To It Than Money?" by Bozionelos, Nikos, and Ioannis Nikolaou, “One would expect that money is more important when it helps meet basic needs, and this should be especially true in poorer nations. However, as already seen, the relationship between income and general life satisfaction was mainly explained by whether material aspirations (such as buying luxury goods) could be fulfilled.” In other words, one’s concept of happiness can vary from nation to nation. For example, people living in poor nations and having a low income tend to be satisfied by having just enough to meet their necessities. While, on the other hand, people with higher income tend to be satisfied if they have enough to buy luxury goods. Being wealthy does not lead one to happiness; it can help some people to obtain happiness, but it can also lead others to have unwanted experiences. Having a minimum amount of money is necessary to be happy. Having the minimum amount of money to pay bills, have medical assistance, buy groceries, and clothing is considered as the basics needed for one to be happy. Money is a tool that can help a person obtain objects that can help him or her to have a comfortable life. However, money should not become the reason why a person is happy. Happiness comes within a person as a human being and money will never replace a friend, nor a loved
While money cannot buy happiness, ‘the status and security’ (Hout, 2016, p. 219) that accompany being in above average social classes is linked with more happiness.
So the puzzle is this: why do social scientists consistently find only moderate relationships between having more money and being happy? Some have even suggested that this moderate connection might be exaggerated. In reality money might have very little to do with happiness at all.
..., a person who earns $25,000 is happier than a person who makes $125,000 and an employee who makes $500,000 is only slightly happier than someone who makes $55,000. Lastly, there are more important things in life that and make you happy, for example, friends. They don’t come with a price tag, and if they do, you definitely need new friends. Money won’t make you happy since good times can’t be bought. You don’t need a fancy vacation to have a good time; it’s just a matter of who you spend it with. Over the years, humans have blown the value of money way out of proportion. People make it seem like if you’re not filthy rich, then you won’t live a good life but it’s not true. You can lack money and yet still live a perfect, happy life.
Kasser first shows that people who are rich are not necessarily happier than those who are not rich, provided ba...
All of us want to make money to gain some status, some comfort and some luxurious. This money has brought; is bringing; and will bring so many differences between some of you and me. These differences will be later named as differences between the rich and the poor. If I ask you ‘Do you know what is happiness? You would thrillingly and pleasingly answer me YES, OF Course Then lets share some examples of the happiest man. One would experience happiness when a leads a luxurious life. One may also experience happiness when he had expanded his business almost across the globe. One may also experience happiness when he had his meal in the most famous and expensive hotel. One may also experience happiness when he attends honorable parties.