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Money Can’t Buy Happiness Money is one of the most important things in our lives, next to food to eat, a home to live in, and ways to get from here to there but with all of those things, you need money.So that’s where the “money can buy happiness” phrase comes in because people think that since money can buy everything else then it can easily buy happiness also. Some individuals seem to think so, as for most people, they believe that if you have a lot of money then you can buy happiness.A 2010 study of 450,000 Americans, by Nobel prize-winning scientist Daniel Kahneman and colleagues at Princeton University, found just such an effect.
This theory suggests that higher-paying jobs may be more stressful, require more travel or relocation, and take time away from family, thereby depleting our happiness quotient.
Most religions also teach us that the key to happiness lies in appreciating what we have and helping others, rather than in trying to elevate our own status and possessions.
Clearly, without money to meet basic needs for food, shelter, health, and security, people become downtrodden and unable to thrive.
A 2008 international study conducted by University of Pennsylvania researchers showed that people with higher annual incomes reported more happiness, even in rich countries.
The thing is, it depend, For instance, if you have been poor your whole life then becoming rich would make you very happy, but if you’ve been rich your whole life, that’s different.
It wouldn’t really matter as much because there would be a plentiful amount of money in your life already, and it wouldn’t be something desperately needed.
These studies looked at the money-happiness link from different angles, suggesting the answer depends on how you frame the question.
The Gallup Organization asked thousands of people in 156 countries to rate their quality of life on a 0-10 scale, with higher scores indicating better life quality.
Having more money can cushion the effect of life stresses and transitions, giving people more options and resources.
Money can pay for childcare, therapy, medications, or vacations to help people cope.