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Money Can't Buy Happiness: Persuasive Essay

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Can Money Really Buy Happiness?

Money and happiness are related—but not in the way you think..

Updated November 10, 2023 | Reviewed by Chloe Williams

More money is linked to increased happiness, some research shows.
People who won the lottery have greater life satisfaction, even years later.
Wealth is not associated with happiness globally; non-material things are more likely to predict wellbeing.
Money, in and of itself, cannot buy happiness, but it can provide a means to the things we value in life.

Money is a big part of our lives, our identities, and perhaps our well-being. Sometimes, it can feel like your happiness hinges on how much cash is in your bank account. Have you ever thought to yourself, “If only I could increase my salary by 12 percent, I’d feel better”? How about, “I wish I had an inheritance. How easier life would be!” I don’t blame you — I’ve had the same thoughts many times.

But what does psychological research say about the age-old question: Can money really buy happiness? Let’s take a brutally honest exploration of how money and happiness are (and aren’t) related. (Spoiler alert: I’ve got bad news, good news, and lots of caveats.)

Higher earners are generally happier

Over 10 years ago, a study based on Gallup Poll data on 1,000 people made a big headline in the news. It found that people with higher incomes report being happier... but only up to an annual income of $75,000 (equivalent to about $90,000 today). After this point, a high emotional well-being wasn’t directly correlated to more money. This seemed to show that once a persons’ basic (and some “advanced”) needs are comfortably met, more money isn’t necessary for well-being.

But a new 2021 study of over one million participants found that there’s no such thing as an inflection point where more money doesn’t equal more happiness, at least not up to an annual salary of $500,000. In this study, participants’ well-being was measured in more detail. Instead of being asked to remember how well they felt in the past week, month, or year, they were asked how they felt right now in the moment. And based on this real-time assessment, very high earners were feeling great.

Similarly, a Swedish study on lottery winners found that even after years, people who won the lottery had greater life satisfaction, mental health, and were more prepared to face misfortune like divorce , illness, and being alone than regular folks who didn’t win the lottery. It’s almost as if having a pile of money made those things less difficult to cope with for the winners.

Evaluative vs. experienced well-being

At this point, it's important to suss out what researchers actually mean by "happiness." There are two major types of well-being psychologists measure: evaluative and experienced. Evaluative well-being refers to your answer to, “How do you think your life is going?” It’s what you think about your life. Experienced well-being, however, is your answer to, “What emotions are you feeling from day to day, and in what proportions?” It is your actual experience of positive and negative emotions.

In both of these studies — the one that found the happiness curve to flatten after $75,000 and the one that didn't — the researchers were focusing on experienced well-being. That means there's a disagreement in the research about whether day-to-day experiences of positive emotions really increase with higher and higher incomes, without limit. Which study is more accurate? Well, the 2021 study surveyed many more people, so it has the advantage of being more representative. However, there is a big caveat...

Material wealth is not associated with happiness everywhere in the world

If you’re not a very high earner, you may be feeling a bit irritated right now. How unfair that the rest of us can’t even comfort ourselves with the idea that millionaires must be sad in their giant mansions!

But not so fast.

Yes, in the large million-person study, experienced well-being (aka, happiness) did continually increase with higher income. But this study only included people in the United States. It wouldn't be a stretch to say that our culture is quite materialistic, more so than other countries, and income level plays a huge role in our lifestyle.

Another study of Mayan people in a poor, rural region of Yucatan, Mexico, did not find the level of wealth to be related to happiness, which the participants had high levels of overall. Separately, a Gallup World Poll study of people from many countries and cultures also found that, although higher income was associated with higher life evaluation, it was non-material things that predicted experienced well-being (e.g., learning, autonomy, respect, social support).

Earned wealth generates more happiness than inherited wealth

More good news: For those of us with really big dreams of “making it” and striking it rich through talent and hard work, know that the actual process of reaching your dream will not only bring you cash but also happiness. A study of ultra-rich millionaires (net worth of at least $8,000,000) found that those who earned their wealth through work and effort got more of a happiness boost from their money than those who inherited it. So keep dreaming big and reaching for your entrepreneurial goals … as long as you’re not sacrificing your actual well-being in the pursuit.

persuasive essay money can't buy happiness

There are different types of happiness, and wealth is better for some than others

We’ve been talking about “happiness” as if it’s one big thing. But happiness actually has many different components and flavors. Think about all the positive emotions you’ve felt — can we break them down into more specifics? How about:

Contentment
Gratefulness

...and that's just a short list.

It turns out that wealth may be associated with some of these categories of “happiness,” specifically self-focused positive emotions such as pride and contentment, whereas less wealthy people have more other-focused positive emotions like love and compassion.

In fact, in the Swedish lottery winners study, people’s feelings about their social well-being (with friends, family, neighbors, and society) were no different between lottery winners and regular people.

Money is a means to the things we value, not happiness itself

One major difference between lottery winners and non-winners, it turns out, is that lottery winners have more spare time. This is the thing that really makes me envious , and I would hypothesize that this is the main reason why lottery winners are more satisfied with their life.

Consider this simply: If we had the financial security to spend time on things we enjoy and value, instead of feeling pressured to generate income all the time, why wouldn’t we be happier?

This is good news. It’s a reminder that money, in and of itself, cannot literally buy happiness. It can buy time and peace of mind. It can buy security and aesthetic experiences, and the ability to be generous to your family and friends. It makes room for other things that are important in life.

In fact, the researchers in that lottery winner study used statistical approaches to benchmark how much happiness winning $100,000 brings in the short-term (less than one year) and long-term (more than five years) compared to other major life events. For better or worse, getting married and having a baby each give a bigger short-term happiness boost than winning money, but in the long run, all three of these events have the same impact.

What does this mean? We make of our wealth and our life what we will. This is especially true for the vast majority of the world made up of people struggling to meet basic needs and to rise out of insecurity. We’ve learned that being rich can boost your life satisfaction and make it easier to have positive emotions, so it’s certainly worth your effort to set goals, work hard, and move towards financial health.

But getting rich is not the only way to be happy. You can still earn health, compassion, community, love, pride, connectedness, and so much more, even if you don’t have a lot of zeros in your bank account. After all, the original definition of “wealth” referred to a person’s holistic wellness in life, which means we all have the potential to be wealthy... in body, mind, and soul.

Kahneman, D., & Deaton, A.. High income improves evaluation of life but not emotional well-being. . Proceedings of the national academy of sciences. 2010.

Killingsworth, M. A. . Experienced well-being rises with income, even above $75,000 per year .. Proceedings of the National Academy of Sciences. 2021.

Lindqvist, E., Östling, R., & Cesarini, D. . Long-run effects of lottery wealth on psychological well-being. . The Review of Economic Studies. 2020.

Guardiola, J., González‐Gómez, F., García‐Rubio, M. A., & Lendechy‐Grajales, Á.. Does higher income equal higher levels of happiness in every society? The case of the Mayan people. . International Journal of Social Welfare. 2013.

Diener, E., Ng, W., Harter, J., & Arora, R. . Wealth and happiness across the world: material prosperity predicts life evaluation, whereas psychosocial prosperity predicts positive feeling. . Journal of personality and social psychology. 2010.

Donnelly, G. E., Zheng, T., Haisley, E., & Norton, M. I.. The amount and source of millionaires’ wealth (moderately) predict their happiness . . Personality and Social Psychology Bulletin. 2018.

Piff, P. K., & Moskowitz, J. P. . Wealth, poverty, and happiness: Social class is differentially associated with positive emotions.. Emotion. 2018.

Jade Wu, Ph.D., is a clinical health psychologist and host of the Savvy Psychologist podcast. She specializes in helping those with sleep problems and anxiety disorders.

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Money Can’t Buy Happiness Essay | Essay on Money can’t buy Happiness for Students and Children in English

February 14, 2024 by Veerendra

“Money Can’t Buy Happiness” Essay: The problem with the saying, “money can’t buy happiness” is that it’s only partly right. When we think of spending money typically, we tend to think about spending money on things – a new car, a new TV, the latest sound-cancelling headphones and so on.

However, as human beings with sophisticated minds, over time, we often adapt surprisingly well to new changes in our world.

You can read more Essay Writing about articles, events, people, sports, technology many more.

That new TV we have wanted for so long after a few months is just a TV to us as we have gotten used to the higher clarity, better audio, and the 4K resolution. That new game out in the market, which we will spend a lot of money on, will soon get boring and we will eventually stop playing it. People often equate money with happiness, but that may or may not be the case depending on the context and situation.

Below are given a few examples of long and short essays concerning the topic.

Long and Short Essays on Money Can’t Buy Happiness for Kids and Children

We have provided a few sample essays on the mentioned topic. There is one extended essay of 500 words; a short piece of 100-150 words; and ten lines on the subject of money not buying happiness.

Long Essay on Money Can’t Buy Happiness 500 Words in English

Such long essays are usually helpful for students in classes 7, 8, 9, and 10. They are asked to write these essays for assignments and exams.

We often think that our lives would be so much better off if we just had more money. For example, “that person in my class has the brand new Playstation. I wish my parents were that rich to buy me one.” or “That person has a nice looking Rolex. If only I had the money to buy one.” “If only I had the money to buy a new car.” Hence, the list goes on. But what we take for granted is that once we have enough money to buy that item, we get bored of it and desire something new.

Psychologists call this the “Hedonic Treadmill” – New things always become “old”, and they need to be replaced with newer items.

Another factor we’re not going to be happy with buying things is that we want to compare ourselves to those around us – our families, our friends, celebrities, advertisements, etc.

When we see some new advertisements on TV, we feel like we have to buy it as a celebrity endorses it. When we open social media, we see photos of our friends and relatives who have gone for vacations and trips, and we feel we need the money to go on a vacation to enjoy ourselves as that is the only way to spend time with family properly. But what we don’t realize is comparisons are often insidious and harming, especially if we see ourselves at the non-receiving end.

What we should keep in mind is money always begs for more money. Of course, the main aim of a modern lifestyle is to get a proper job and earn wealth, but making earning wealth the sole purpose of one’s existence is dangerous and harmful. One will never be happy and peaceful and will always yearn for more wealth. He/she will never be satisfied. No amount of wealth can be seen as “enough”. If one’s sole purpose is to accumulate wealth to spend on material goods, then he/she will never be satisfied with their life.

Greek Philosopher, Diogenes says, “He has the most who is most content with the least.” This means that when a person appreciates and knows the value of his earnings, and does not take it for granted, and takes care of it properly, he can be happier than the wealthiest person on Earth.

With this being said, there are ways in which you can utilize your money more happily and healthily; Instead of wasting money on material goods, spend your accumulated wealth on road trips and vacations, picnics, family outings, etc. Getting out of the house and getting the experience of the outside world will have a positive impact on your mental health. Visiting new locations, be it solo, with friends, or family will boost your morale as you visit new places and meet new people, giving you new experiences and will teach you how to use your money carefully. If you have enough money to spare, you should donate some money to charity to help those less unfortunate. Not only will you be doing a good deed, but acts of charity will also teach you to be empathetic towards others.

All in all, the bottom line then is whether money buys you happiness or not is entirely dependent on how you choose to spend it.

Short Essay on Money Can’t Buy Happiness 150 Words in English

Such short essays are usually helpful for students in classes 1,2,3,4,5, and 6. They are asked to write these essays for assignments and exams.

We often think to ourselves, “If only I had the money to buy the PlayStation.”.” If only I had the money to buy a new car”.

Of course, the main aim of a modern lifestyle is to get a proper job and earn wealth, but making earning wealth the sole purpose of one’s existence is dangerous and harmful. We started equating our success to the material things we own in comparison to others.

There is always the question of “Who has the latest iPhone?” If one’s sole purpose is to accumulate wealth to spend on material goods, then he/she will never be satisfied with their life. There will always be a desire for something newer once the “new” becomes “old” again.

10 Lines on Money Can’t Buy Happiness Essay in English

Focussed on making as much wealth as possible, you may lose the time available at hand.
Buying things for personal consumption may feel rewarding at first. But using that money for a cause other than personal gain will help in growing a positive personality.
Money cannot buy authentic relationships like friendship, love, etc.
Everything isn’t about money, it’s the little things in life that matter the most.
Money cannot buy time, so use your time wisely.
Money cannot fix broken relationships.
Addiction to earning money can cause severe mental stress.
Money can seem to be “never enough.”
Materialism can become an unhealthy obsession.
Money alone cannot buy peace of mind.

10 Lines Essay on Money Can’t Buy Happiness in English

FAQ’s Money Can’t Buy Happiness Essay

Question 1. Can money buy happiness?

Answer: Whether or not money buys you, happiness depends on how you chose to spend it. Always hoarding money will cause more anxiety and mental stress. Spending money in healthy ways like, for a vacation, or charity, will help you establish a positive and healthy mind.

Question 2. How to be happy with less money?

Answer: Of course, money is a necessity, but life should not solely revolve around the material gains it brings. If one can refrain from spending money uselessly on material goods, he will be much happier.

Question 3. What is the best way to utilize money?

Answer: Refrain from too much materialism. Instead, spend some of that money on trips with friends/family, charities, etc., as they help you refresh your mind, and help to maintain good mental health.

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Money Can T Buy Happiness

This essay will explore the adage “Money can’t buy happiness.” It will discuss the relationship between wealth and well-being, examining how and why increased income does not necessarily lead to increased happiness, and the factors that contribute to genuine contentment and fulfillment. On PapersOwl, there’s also a selection of free essay templates associated with Happiness.

How it works

Since happiness is a unique experience, the factors that promote happiness can of course be different for everyone. However, scientific research in the last 20 years has come a long way to identify many common factors that contribute to our happiness. Money (or income) is one of them. When we encounter the questions if feeling happy is related with money or not, some will use their opt in favour of money. However, the others, including me, claim money has a tiny role and comes not in the leading positions when compared with other effects.

In its simplest form, we can say: Yes, money is affecting our happiness. However, after this sentence, I can add a sentence that starts with “but’’.

What dimension of happiness is affected by money? There are many answers to this question. Because different theories and different disciplines (such as psychology, economy) can define in different ways. However, there is a general definition that is now accepted in the field of psychology. In fact, if we look at the dimensions of happiness rather than definition, we can better understand this concept.

Happiness is a concept with both emotional and cognitive dimensions. Emotionally feeling good means experiencing positive emotions frequently rather than experiencing negative emotions less often. Some experts define this as emotional balance. In the cognitive sense, happiness reflects the person’s perception of his / her life as satisfying. Many studies show that emotional and cognitive aspects of happiness can be affected by different factors. Money is one of these factors. For example, the monthly income of a person is important for life satisfaction and does not show a meaningful relationship with the emotional dimension of happiness. So as our income increases, we are beginning to perceive our lives as more satisfying. However, increasing income does not affect our daily emotional state much. Therefore, it may be important to know in what sense our income makes us happy.

If the quantity of money increases, does your level of happiness also increase? The answer to this question can be summarized as follows: While more money does not bring happiness, little money can make you feel emotionally worse. Therefore, making less money than a certain income level can reduce our quality of life. On the other hand, excess money after reaching a certain economic standard can increase our life satisfaction. The surplus money that comes after reaching a certain economic standard may not be emotionally happy. For example, in a study conducted by Kahneman and Deaton in 2010, it was seen that the winners of more than US $ 75,000 a year in the US compared to the winners of 75,000 US Dollars and the winners above this figure were not happier, or rather, their daily emotional states did not change.

In fact, the main point here is that if our earnings are enough to capture the living standards of our own, then this encourages us to feel good. However, gaining more than this income does not give us any extra happiness. In other words, I would not be very happy if I made so much money, it might not be meaningful to make guesses. Connecting our happiness to money may leave us completely powerless. Because when we get it and catch it, we feel happy but then we start searching for more.

Why is earning a lot of money problem for happiness? After a certain level of income (I said this is an average of $ 75,000 a year for America), there are a few reasons why money doesn’t make us happy in the emotional sense after a certain amount of money. One of these is that when people earn more money, people start to feel less gratitude for small things. There are also researches that support the fact that people can not really be happy with some tiny things as they earn more money. Another reason is that as income increases, people stop doing activities that will make them feel good in everyday life. For example, people with high incomes spend more time on working, shopping, child care or other obligatory jobs than being interested in socializing or hobbies or leisure activities that make them feel good. This can restrict their happiness.

How would spending money make us happy? Not having enough money is enough for a good life. The relationship between money and happiness is that a high income contributes to our happiness only when we spend it for those who need it or to buy gifts for our loved ones. For example, in a series of research by Professor Dunn and his friends, it shows that when university students spend about $ 10 or $ 20 of money to buy something for someone else, they feel better than spending time for themselves. Other studies show that they feel better when they use a certain amount of money given to them to experience experiences such as traveling or a little trip. His research in many rich and poor countries also shows that person is happier when almost everyone pays his / her money to a charity. Briefly, research tells us how our use of money is effective in our happiness.

Well, why do we choose to spend money for an article if it makes us happier to spend money for an experience or for someone else? One of the reasons for this is that our experiences are temporary and we think that what we buy is more permanent. For example, instead of spending money to go on a concert or a trip, we can choose to buy a new television which we think will be more permanent. So again, we can make mistakes when guessing what makes us happy.

Of course the outcome is not to spend our money for others and not to spend money. It is important for our happiness and life satisfaction to meet our own needs. It may not make sense to give our money to others in debt. I’ll talk about the details of the debt in the future.

Does it really make you happy to have something new? As I said, we’re pretty bad at predicting what makes us happy. We think we will be very happy when we have a new phone. So when our happiness increases with a new event, situation or something that we just have, we get used to the good feelings that we have experienced, and after a while we return to our old happiness level. Therefore, a new dress we bought brings a short time of happiness, and after a few days or even a few hours, we realize that we are not so happy or that our happiness lasts shorter than we expected.

Experiences are not like that. When we have a trip, a concert or a cinema experience, these experiences can help us to meet our psychological needs and make us feel better for longer. Because experiences are usually things we share with others, which brings us closer to others. We know that this kind of interpersonal relations has an important place in our happiness. Meeting the need for bonding with others is an experience that makes us feel good. This does not mean that the things we buy will not make us happy or give up on doing so. In fact, it is important to know that we are going to make a mistake when we guess what makes us happy. Moreover, we must be aware that our happiness may not be so long when we have something we desire, and that we may be disappointed that we are not happy again after we have reached the things we have been connected.

Does saving money make you happy? Our debts have a negative impact on our happiness. On the other hand, having an accumulation to keep us safe in the economic sense can contribute to our happiness. In fact, the debt causes conflicts in marriage and therefore negatively affects the happiness of couples. The negativity of being indebted has a stronger impact than the happiness of our experience. In other words, it may not make us happy to take a trip in debt and borrow again; The stress of debt can be more effective than the beauty of our experiences.

How accurate is it to compare ourselves with others? Another important factor in the relationship between money and happiness is relative income. Many people prefer to compare their earnings with the earnings of those around them (usually their peers). This situation, which is frequently seen especially among white-collar people, is not very useful. Research shows that the happiness of the group or the person we are comparing decreases as our income increases. But this is not always valid for everyone. For example, when comparing income in the early part of working life has a positive effect, a similar comparison in later times may adversely affect happiness. People’s income comparison with others at a young age and in their careers may be positive in terms of predicting their future earnings and increasing their motivation. However, the comparison of income after coming to a certain position may adversely affect happiness as it may lead to negative thoughts about the future.

On the other hand, according to the results of our research, it is better to see that our income is much more than one of our level (or our peers in general), especially in terms of career. However, social comparisons often rebound and leave a negative impact. Therefore, I cannot say that economic comparisons are very healthy.

Furthermore, your income from the past, your income today and the income you expect in the future can be quite important when looking at the relationship between money and happiness. Now it’s better to win more than we did in the past. I already mentioned above how the comparison affects happiness. If we are going to make us happy, we will be able to accept this idea even if we know that we won’t earn 8 billion a month. So even if it is not rational, we can hold onto a thought that makes us happy. For example, it is quite useful to appreciate what we have in economic terms and to remind them often. A materialist lifestyle may have negative consequences for psychological health. For example, when we look at America, people have more things (more cars or electronic goods per capita) compared to 50 years ago, but are they happier in the last 50 years? No. There is even the fact that they owe more. Especially nowadays it is quite natural to have more things to shop, to have more things and to take part in consumer culture. People may need it. However, it can affect our quality of life and relations badly. The life satisfaction of the people who make the habit of looking for riches decreases and they are less happy during the day.

In short, I can say that constantly thinking of making more money and looking for wealth, wishing to have more make us unhappy. Money is always a need but only enough to lead a good life. However, some people have different thoughts on this subject and these thoughts are actually confusing. For example, some say that expecting an increase in our financial situation has a positive impact on both general life satisfaction and economic satisfaction. So in the future – compared to today – we expect to be in a good economic situation, in other words, it is good to think optimistically about it. The financial situation that individuals think that they will have in the present and in the future contributes to their happiness. Another thing is that if there is an unexpected positive change in our income, our life satisfaction increases but in case of an unexpected negative change in our income, our life satisfaction is adversely affected. In other words, if we make an expectation error about our future financial expectations, this affects our life satisfaction badly.

What about comparing wealthy and prosperous countries with poor ones? I think that welfare countries are happier. Developed countries like Denmark, Finland, Norway and Canada are the happiest countries. Poor African countries appear to be at the end of the list. However, it should be kept in mind that the average levels of happiness in the country are taken into account. So there are unhappy people in rich countries, happy people in poor countries. In addition, while thinking about this issue in the framework of the above, it would be appropriate to make an evaluation. If we look at countries, the average income level is important for happiness and life satisfaction. But income, or money, is not enough to explain the difference in happiness between countries. In addition to income, factors such as democracy, social rights, human rights, security and trust are important factors in the level of general happiness of the countries.

As a consequence, the relationship between money and happiness is not that simple. Yes, money makes a sense of happiness, but there are many factors that prevent or allow it. Therefore, it is not quite right to make a comment without taking into account the circumstances and conditions. I believe that we can encourage our happiness for what we have. Because we know that we adapt to almost every situation. When we get a success, we are happy when we buy an item we want; but after a while we get used to it and we can return to our old level of happiness again. But it is also possible to slow down this harmony, or to be more realistic.

Work cites:

https://wws.princeton.edu/sites/default/files/content/docs/news/Happiness_Money_Summary.pdf
https://news.harvard.edu/gazette/story/2008/04/money-spent-on-others-can-buy-happiness/
https://www.nytimes.com/2006/02/08/health/materialism-is-badfor-you-studies-say.html

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Essay on Can Money Buy Happiness

Students are often asked to write an essay on Can Money Buy Happiness in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Can Money Buy Happiness

Introduction.

Money is essential in life, but can it buy happiness? This question has sparked debates worldwide.

Money and Materialistic Joy

Money can buy materialistic things that bring joy. For example, your favorite video game or a bicycle can make you happy, and you need money for them.

Money and Freedom

Money can provide freedom to explore hobbies, travel, and experience new things, which can lead to happiness.

Limitations of Money

However, money can’t buy love, friendship, health, or peace of mind, which are essential for true happiness.

250 Words Essay on Can Money Buy Happiness

The age-old question, “Can money buy happiness?” has sparked countless debates among philosophers, economists, and psychologists. While some argue that wealth is a key contributor to happiness, others believe that happiness lies in intangible aspects of life.

The Power of Wealth

Money, undeniably, holds power. It provides the ability to afford basic necessities, luxuries, and experiences. It can help in eliminating stressors like debt and financial instability, which are often associated with unhappiness. From a utilitarian perspective, money can indeed buy happiness as it facilitates access to goods and services that can improve quality of life.

The Limitations of Money

However, the relationship between money and happiness is not linear. Beyond a certain income level, additional wealth does not equate to increased happiness. This is known as the ‘Easterlin Paradox’. Also, an overemphasis on wealth can lead to materialism, which has been linked to decreased well-being and increased mental health issues.

The Role of Intangible Aspects

While money can provide comfort and security, it cannot buy intangible aspects such as love, friendship, health, or peace of mind. These aspects, according to many psychologists, are the true essence of happiness. They provide a sense of belonging, purpose, and contentment that money cannot procure.

In conclusion, money can buy temporary happiness by providing comfort, security, and experiences. However, it falls short in procuring lasting happiness that is often found in intangible aspects of life. Thus, the pursuit of wealth should be balanced with the pursuit of intangible aspects to achieve holistic happiness.

500 Words Essay on Can Money Buy Happiness

Money and basic needs.

Firstly, money is important because it helps us meet our basic needs. It allows us to buy food, clothes, and a place to live. Without money, we would struggle to survive. In this way, money can bring a certain level of happiness. It provides comfort and security, which are key to feeling satisfied in life.

Money and Material Possessions

Secondly, money can buy material things. This includes toys, gadgets, cars, or even vacations. These things can make us feel happy for a while. But after some time, the excitement fades. We start to want newer, better things. This is called the “hedonic treadmill.” It means that buying stuff only brings short-term happiness. Over time, we get used to what we have and want more.

Money and Relationships

Money and happiness: the real picture.

So, can money buy happiness? The answer is not straightforward. Money can buy things that make life more comfortable and enjoyable. But it can’t buy everything. It can’t buy love, good health, time, or peace of mind. These things are often the most important for true happiness.

Research shows that after a certain income level, more money doesn’t equal more happiness. This level is enough to meet basic needs and some wants. Beyond that, more money might not make a big difference in how happy you are.

Remember, happiness comes from within. It’s about being content with what you have, not what you don’t have. It’s about enjoying the simple things in life. And most importantly, it’s about being true to yourself and your values.

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I Don’t Believe Money Can Buy Happiness Essay

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Happiness is very essential in each and everyone’s life as it makes life enjoyable and motivates someone to move on. There are many factors that contribute to an individual’s happiness, for instance, satisfaction in one’s family life, work, love relationships and even good academic performance.

Money is also a contributing factor but only when combined with other aspects like mentioned above. This paper gives an insight on why I don’t believe that money can buy happiness. I don’t believe that money can buy happiness since some aspects that leads to happiness for example respect, power love and a feeling of appreciation and belonging cannot be bought but rather attained naturally.

The more one earns, the more the needs that are to be satisfied and so money is essential to a certain level after which it becomes a problem and make people less approachable and more egocentric affecting their social life negatively hence hindering happiness in their lives. Money also impairs people ability to enjoy life and the many things they have acquired through their wealth despite being in a better position to purchase items of choice because life’s little pleasures are overlooked.

Money helps us to have a comfortable life as we can be able to cater for our needs but it surely cannot buy us happiness. This is because happiness in our lives is brought about by the little pleasures that life holds for us for example the joy attained through socialization with others, satisfaction in work and family life among others and not in the big pleasures attached to wealth and money.

Materialistic people are generally unhappy as they tend to ignore the little things that bring about happiness in life in search of bigger things with the hope of being happier which does not come to pass.

According to Luscombe (2010), money contributes happiness when it is acquired to a certain amount ($ 75,000) in a year after which no greater happiness is attached to the money. He argues that the lower an individual’s income falls below $75,000 per year, the unhappier he or she may be but at the same time, earning more than this does not guarantee any much happiness.

This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to attain happiness.

Happiness can be viewed as the way one feels at a particular moment for example either emotionally well or not. It can also be viewed as the inner satisfaction an individual feels about his or her life in general in regard to what is happening. Money seems to make life appear to be working out well but it actually does not contribute to a person’s emotional well being that leads to total happiness.

Lower income does not in itself lead to sadness but make people stressed up by the problems that face them. For instance those with family problems like those who are sick, separated or divorced are not happy irrespective of the amount of income they earn hence money just help improve living conditions and brings a person to a life he or she thinks is better but do not necessarily lead to happiness.

There is more to happiness than money and there are people who are without money but are happier than those with lots of money depending on the circumstances that face them and the conditions in which they live.

People who delight in their work for example those who are involved in more social work and lot of human contact seem to achieve much higher levels of happiness as compared to those whose work involves dealing with machines and less human interaction since there is a good feeling that comes along with sharing of experiences, ideas and opinions with others.

For example hairdressers, doctors, nurses, teachers and social workers tend to be happier due to the strong social relations they develop in their work between their colleagues and also with their clients. This shows that although income matters, our attitude towards life is essential plus the consideration of other factors that may lead to our happiness like love, respect and recognition.

The key issue towards attainment of happiness is the ability to have just enough money to cater for the basic needs for instance food, clothing, shelter and health and some little more for emergency and concentrating on how you spend your time and not what you can acquire.

One should work on his or her strengths, purpose, the people and things that make life worth living and not on the items perceived to bring happiness but in reality do not. This is because happiness is an attitude and making enough to facilitate basic needs and a little surplus creates some peace of mind hence happiness and lack of it causes pain and stress as one tries to make ends meet.

Luscombe, B. (2010). Do We Need $75,000 a Year to Be Happy? . Web.

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Home / Essay Samples / Life / Money / Can Money Buy Happiness? An Argumentative Analysis

Can Money Buy Happiness? An Argumentative Analysis

Category: Life , Education
Topic: Happiness , Money , Personal Statement

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