Subjective Well-Being Essay

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

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.

Don Peck and Ross Douthat convey through their editorial, “Does Money Buy Happiness?,” that one’s level of content to a degree is contingent upon their ability to act as a consumer in society. Peck and Douthat base their assumption on research which shows, “For individual countries, with few exceptions, self-reported happiness has increased as incomes have risen” (332, par.4) Based on this statistic, it is being assumed that one’s ability to support their lifestyle and perhaps better it creates a sense of security that leads to happiness.

The human characteristics of greed and materialism are a disguise that provide an ephemeral distraction, which over time, creates dissatisfaction. If asked what a person’s overarching life’s objective is, most would answer to be happy and loved. Yet, the misconception that happiness and money are interchangeable is still widely felt.

Does Money Buy Happiness? Studies over the last 10 years have shown that life experiences gives people lasting happiness and memories. There are two types of happiness: the measure of the quality of one's life, and how often one experiences positive emotions such as joy and affection. People in the top quartile for annual income have self-reported higher quality of life happiness than those in the bottom quartile, but about the same emotional happiness. Money can be used to purchase things ranging from physical objects to an experience.

Health and social care practitioners assess the wellbeing of individuals in a professional way in various ways. One of these ways would be assessing their mental capacity. Mental Health Act 2007: The mental Health Act 2007 is in place to safe guard vulnerable people with mental health conditions. When induvial with mental health conditions receive treatment in a hospital or other mental health facility they usually agree voluntary.

Many people become dependent on the fact that they can’t live a happy life without the influence of the money in their lives. In the article Money Really Can Buy Happiness which is referring to people's

Last year I spent so much time trying to figure how much happier I will be if I will make a big effort and start to earn more money. After some research I think that, even though UK Office of National Statistics show an interrelation between income and level of happiness, our emotional state is not correlated with financial sustainability as much as many people think because US National Academy of Science thinks that high income improves evaluation of life but not emotional well-being, and psychologist Daniel Kahneman and economist Angus Deaton also concluded that happiness doesn’t really increase above

“Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.” Benjamin Franklin.

“Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has, the more one wants,” quoted by Benjamin Franklin. Money can’t buy happiness because materials are short lived, human connection is more important, and wealth undermines people’s ability to savor positive events from the sheer abundance. Money will accumulate but it is easy to chase more and more until you realize you’re not actually living. Happiness that is based off of product is fugitive.

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.

Landau states that “more money does not necessarily buy more happiness, but less money is associated with emotional pain” meaning money is materialistic and in the long run will not effect long term happiness (Landau 2). Money will buy you something materialistic that will be temporary in your life but after time fades you will eventually get bored until you find something new although it might have left you with some good memories and experience.

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.

Psychologists have not located assured causes that lead people to well-being. David G. Myers in his article “The Funds, Friends, and Faith of Happy People” published in the American Psychologist (2000) and Michael Wiederman in “Why It's So Hard to Be Happy” published in the Scientific American Mind (2007), discuss the reasons which lead people to be happy, and the factors which contribute to unhappiness.

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,