Money & Happiness : The Comparison Of Money And Happiness

How often do you wake up worrying about money? How often do your loved ones worry about money? How often have you heard, “if only I had the money?” How often do you feel that more money would solve all your problems and would make you happy? What if I told you that you were right, to an extent. Author’s across the discussion of happiness have tried to answer the simply stated, yet complicatedly answered question, “Can Money Buy Happiness?” Authors Ed Diener and Robert Biswas-Diner attempt to answer the question in their piece of the same name, by explaining that “Yes, money buys happiness…but it must be considered in the bigger picture of what makes people genuinely rich” (Biswas-Diener 160-161). This idea that fiscal wealth is a path to happiness

Michael Norton, the TED Talk speaker, discussed “How to Buy Happiness.” Norton is a professor of business administration at Harvard Business School; he has also studied psychology. Furthermore, Norton did research on whether spending money on oneself or on others can make a person happy. According to him, people who spend money on others are happier than those who spend money on themselves. He wanted to convince his audience that happiness is in sharing or giving to others. First, he gained the attention of his public by starting his speech with humor. Similarly, he has conducted various surveys on how two groups of people, who felt differently, spend money on others like charity or giving gifts from different countries like Uganda and Canada. Although Norton’s attempts at stablishing credibility were somewhat ineffective, his arguments were mostly effect because of his use of logos and pathos.

As Begley “When people buy something they try to pay as little for it as they can” (p. 1). Therefore, I agree that money sometimes can bring happiness while there are a lot of things which people cannot have it with money. The author states that people enjoy when they get something on sale, and they feel happy when they spend less money for. Also, the author mentions how money can affect people who are poor and give them happiness; however, rich people gather money to increase their wealth. Sharon also writes about the survey, which how people consider their happiness.

A powerful quote said by pre-socratic philosopher named Democritus says “Happiness resides not in possessions, and not in gold, happiness dwells in the soul”. In other words, happiness does not come from materialism but instead from the things money can’t buy. In the article The Secret of Happiness the author David Myers writes directly to Americans about how he believes we need to obtain a new “American Dream” that emphasizes personal happiness instead of materialistic happiness. Myers also believes happiness resides in the soul and he says people that think money is the key to happiness are actually less content with themselves and he uses various ways to prove this point. With that being said materialistic happiness vs personal happiness is an important issue, and Myers made a strong use of Logos by showing surveys and studies, Ethos by showing credibility in his argument but he could have used more Pathos by using more emotion and enthusiasm in his argument.

Happiness is an emotion that can be very easily obtained however it can be very hard to get that intense of joy sometimes. The emotional state of being content is one of the most amazing feelings in the world. Although there is always that clique question, “Does money create happiness?” To answer that no it does not and there is various ways to prove it. Money is just a piece of paper that controls most of your life ,but happiness is not one of them.

Growing up in a family where both my parents came from poor immigrant backgrounds always made financial success a priority and when there was no need to be frugal, my parents did seem happier. But did money buy my parents’ happiness or did money lead to their happiness? Ed Diener and Robert Biswas-Diener attempt to answer that question in their excerpt “Can Money Buy Happiness,” where they claim that “[m]oney can be a help in attaining psychological wealth, but it should be considered in the bigger picture of what makes people general genuinely rich (Biswas-Diener 161). Although not explicitly defined by Diener and Biswas-Diener, “psychological wealth” is the overall measure of happiness, beyond just fiscal affluence, including positive ties with other individuals and joyful temperaments (Biswas-Diener 168). By extending Biswas-Diener and Diener’s idea of “psychological wealth” to include the perception of what wealth is and what wealth consists of beyond monetary success, such as achievements or fulfillment, there exist a copious number of ways to view wealth. One can be rich in more than finances and happiness is dependent upon the perception of wealth due to money being one of several paths, including deliberate effort and being positive, to “psychological wealth” which leads to happiness.

In his article The Funds, Friends, and Faith of Happy People David G. Myers analyzes results of different surveys and researches in attempt to answer the question: “does money make people happier?” The conclusion suggests they do not. While many people have an opposite opinion, facts show the correlation between money and happiness weakens with the increase of income.

In today’s materialistic world, the phrase that ‘money can’t buy happiness’ is tending to be proved hence otherwise. Social research and surveys have shown results based on an individuals income, health and the political scenario which is dominant in his or her region. It is quite obvious that the gap between the privileged and the not so is growing into a great divide giving rise to different class and status, thus defining ones social circle. It should therefore be understood how an individuals economic status affects their personal happiness throughout all aspects of life. Many tend to refer to this age-old quote especially when they tend to belong to sector of people who can’t afford the modern day luxuries of life. What they do not

Everyone wants to live a happy life. Even those people that hate everything about everyone. The trick is how to get that wanted happiness. Is money a way to achieve this happiness? People, philosophers, professors, and ordinary, everyday people have been pondering this age-old question about the relationship between money and happiness and if money can buy happiness for a very long time. Much research and many surveys have been asked and performed by excited researchers and agog economists. A lot of experiments and presentations galore were rendered by inquisitive University professors and intrigued university undergraduates to provide useful data. As it turns out, money can and will buy happiness for everyone that spends it at the right time and on the right things.

It is often said that, “Money can’t buy happiness.” In Cass R. Sunstein’s Yes, Money Can Make You Happy, Sunstein provides a summary and review of Elizabeth Dunn and Michael Norton’s Happy Money: The Science of Happier Spending; he declares that money, when spent wisely and with the right attitude, can provide the most elusive of all human experiences: happiness. In a changing social climate with advances in technology offering unmatched convenience, and a culture in which diverse people with equally diverse sets of values come together, the study of what truly makes us happy is especially relevant now more than ever. While money can certainly be spent in a manner which will create happiness, what Sunstein neglects to address in his writing is that more money does not always equate to more happiness, regardless of how and when it is spent.

The subject of this paper is the age-old question, “Does Money Buy Happiness”. On the surface, this question appears to be an easy one. Happiness however, is a subjective item. To better answer this, several points must be analyzed such as, “What is happiness?”, “How is it measured?” etc. To better streamline this process, a research question was developed:

We all have heard the phrase “money can’t buy you happiness.” That phrase is a lie because mostly everything in today’s society revolves around money. The things people like revolve around money too. What a coincidence? Let’s say a person is upset so they go buy their favorite ice cream because they know it will make them happy. That person had the money to invest in something that made them happy. Or on an even bigger let’s say someone has been fantasizing about a car and they finally get enough money to purchase their dream car. This person is likely to be very happy. If it was not for the money, they would not have gotten that dream car, so basically the money made them happy. The truth is money makes people happy.

In the book “Money can buy Happiness” tells about spending money on important and substantial things that bring us long lasting happiness. It provide some helpful information and tips which can be applied in our daily living. If you want to find out how to put together the most of your money in order to get a good and happy life (good return on investment). This book also creates awareness of how we spend our money, investments and savings wisely. For those who wants to analyze whether their spending habits align with their values, this book can be an eye opener for them.

When you hear the word happiness, what is the first thing that comes to mind? Do you think of material possessions like designer clothes and accessories, the newest iPhone with the highest possible storage capacity, or a shiny red supercar? Do you think the amount of money you have or your current financial status has an effect on how happy you are? Plenty of college students, myself included, would associate happiness with possessing items like these or just having a lot of money in general. In today’s society, one common belief about social class is that the richer and more money or things that one has, the happier this will make them. This belief is reinforced by countless advertisements we see and hear everywhere, whether that be on

There are many people claim that there is not any relationship between money and happiness. However, I believe that there is a direct relationship between money and happiness. Research shows that being able to provide our basic needs and higher-level wants leads us to a happy life. The relationship between money and happiness is like the relationship between food and body. “The importance of money in human life is similar to the importance of food for the body. Just like you can’t live even for a few days without food, you can’t survive for long without money.”(Singh, 2015).Having access to our necessities, being able to participate in leisure activities, and being able to help our friends, are things which make us happy; and we need money for having them.So, for being happy in our life,