Why does money make you happy

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  • Money brings happiness because it allows you to free yourself from some of the hassles of everyday life.
  • Happiness is not proportional to the amount you have.

Let’s put things back: Unlike the proverb, money produces happiness. This conclusion has been reached by researchers at the University of Pennsylvania (United States). According to him, wealth directly affects our level of happiness, and there is no maximum amount to stop this enjoyment. Results of the study were published Proceedings of the National Academy of Science.

To arrive at this conclusion, the researchers collected 1.7 million data from 33,000 participants between the ages of 18 and 65. Most of the previous studies have linked money to happiness, with experimenters focusing primarily on evaluative well-being, which incorporates overall satisfaction in life. Here, the researchers focused their study on evaluative as well as experiential well-being, indicating how people are feeling at the moment.

Lightness given by money

Using a special application developed for the study called Track Your Happiness, participants were able to record their well-being several times a day. In between the questions asked, researchers tried to find out how people were feeling at the time, ranging from “very bad” to “very good”. Additionally, at least once during this process, participants answered the question “Overall,” How satisfied are they with their lives “” not from “extremely” to “extremely”. “, To measure assessment well-being .

To refine the results, a well-rated one is rated 12 distinct with five positives (confident, good, motivated, interested and proud) and seven negatives (fear, anger, bad, boredom, sadness, stress, and upset). Was divided into feelings. “This process has repeated people’s lives, collectively giving us a holistic, stop-motion film of their lives., Says Matthew Killingsworth, a professor at the University of Pennsylvania specializing in human happiness and the lead author of the study. Scientists often talk about trying to get a representative sample of the population. I was trying to have a representative sample of moments in people’s lives. “

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The average level of well-being of each participant was calculated and then analyzed based on their income. It was here to see if the findings of the 2010 study on the subject were still relevant, meaning that when the annual income per household reached $ 75,000, the relationship between wealth and happiness closed.. “It’s a fascinating possibility, the idea that money doesn’t matter beyond that point, at least for those who are really feeling it any moment, Analyze Matthew Killingsworth. But when I looked at a wide range of income levels, I found that incomes as well as all kinds of goodness continued to increase. I don’t see any kind of curvature in the curve, a inflection point where money matters. Instead, it is constantly growing. “

Money is not an end in itself

So instead of every dollar being equally important to every person, every dollar counts less for high-income people. “You would expect two people earning $ 25,000 and $ 50,000 respectively, as well as the same difference in well-being as two people earning $ 100,000 and $ 200,000 respectively. In other words, the proportional difference in terms of income for all. ” Yet this is not the case: It turns out that people who make more money are happier, due to a higher sense of control in life. Having a financial base allows us to distance ourselves from everyday worries that may hinder us. As the amount of money increases, so does the feeling of control over life and autonomy.

However, it would be easy to think that having money makes you happy, because money brings with it other obstacles that do not have. “While money can be good for happiness, I have found that people who equate money with success are less happy than those who do not., Matthew Killingsworth. I also found that people who earned more money worked longer hours and felt more pressured for time. ” In reality, if money can approach the definition of happiness, there is only one way to reach it, and income is only a small determinant. In short, to come back to the proverb of introduction, money does not buy happiness, but it contributes to it.




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About the Author: Abbott Hopkins

Analyst. Amateur problem solver. Wannabe internet expert. Coffee geek. Tv guru. Award-winning communicator. Food nerd.

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