Preview

Money and Happiness

Good Essays
Open Document
Open Document
372 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Money and Happiness
It is often noticed that people with a higher income live a more relaxed life while the truth of the matter is their money allows them to easily take care of the necessities in life such as food and clothing that other people may not be able to maintain. Therefore, in comparison to those types of people, the ones with more money generally appear more fulfilled because they are able to purchase other desires without the worry of not sustaining a steady lifestyle. Having more money provides relief for the person rather than happiness because of their ability to obtain new possessions. Giving is better than receiving is a commonly used phrase that shows the generosity among different people; however, when it used as an argument debating happiness, it is proven to be too vague to fit the modern day definition. A recent study by Elizabeth Dunn and Michael Norton explains that the “most satisfying way of using money is to invest in others…donating to a charity…buying lunch for a friend” (Can Money Buy Happiness?). Their argument demonstrates that putting their money towards other people rather than themselves brings an even greater joy, but how does that differ from paying taxes? Taxes are provided for many reasons such as donating to shelters, paying for government workers, and maintaining roads, so why are the citizens upset about the requirement of investing a portion of their income to the government when the investment in others brings happiness? Consequently, the satisfaction of giving money to others does not always apply to all even if it is for charities. Because happiness is based on an individual’s perspective, a person’s outlook on what makes them happy may vary from someone else’s. Happiness is something compared to everyone else; some people appear happier than others. It is an individual perception, and it is influence by a variety of factors such as society, family, relationship status, health, occupation, love, and even income. The question in today’s

You May Also Find These Documents Helpful

  • Powerful Essays

    Many people spend their entire lives searching for the key, to what will actually make them happy. In “Yes, Money Can Make You Happy,” written by Associate Professor Cass R. Sunstein, he studied the relationship between money and happiness, in his article he has borrows heavily from Professors Elizabeth Dunn and Professor Michael Norton, who listed five simple suggestions that demonstrate how people can spend their money and receive pleasure. Some people lead simple lives and enjoy pleasure surrounded by family and friends, while others are always be alert to new trends that promise to make their lives more enjoyable and easier. Practicing delayed gratification, will lead to extended periods of happiness. As a result of this experience, people will move from unhappy ways and will becoming more happy, generous, and remain in…

    • 996 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    One of the main arguments in this book is that money only equals happiness up to a certain financial point, in other words, even when growth makes us wealthier, it doesn’t make us happier. Actually, the level of ‘happiness’, as measured by a major survey taker, peaked in the United States in the mid-1950s, and has been on a steady decline ever since, even while the amount of material possessions, hours worked, house square footage, and cars driven has…

    • 1846 Words
    • 8 Pages
    Good Essays
  • Good Essays

    David Sze (July 7, 2015) posted a column in the Huffington Post entitled, “Money and Happiness? It’s Complicated.” As the title suggests, Sze discusses the link between having money and finding happiness, or “life satisfaction.” He approaches the issue from a post-modern perspective without considering any transcendent categories to evaluate the issue. Leaving a theistic perspective out, Sze struggles to find an adequate explanation for meaning, happiness and satisfaction in life.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Good Essays

    What can we conclude about the contribution of money to individual happiness? So far, our discussion suggests the following. People living in rich nation are, on average, happier than those living in poor nations are, however, this conclusion must be tempered by all the factors that co-vary with wealth that may be responsible for the relationship.…

    • 338 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    After reading, “ Why Money doesn’t buy happiness,” of Sharon Begley, I have read another essay similar to this one in high school before. This question has been asked for years, everyone has different answers for it, “Does money buy happiness?”- By the author, the economy where people try to get as much as for what they sell as they can, when where people try to pay as little as they can for things they want to buy, the more they can earn/save money, the more contentment they have. The main purpose of this essay is to convince people that not the more money you have, the happier you must be, there are a lot of unhappy rich folks out there are depressed and suicide everyday, but it does give you more choices, which mean money bring you more…

    • 301 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Something every single person in the world wants is continual happiness. Everyone searches for this positive feeling in different ways such as: adrenaline, drugs, addictions, and splurging. Although, a not so common way people may find happiness is by being thankful. “If you analyze people’s actions, you will come to the conclusion that they all seek happiness. Every act, in fact, is a search for happiness, even if on the surface it doesn't look so” (Sasson). The human race searches for something that will complete us, or make us feel better about the things we do, and all signs have pointed us to happiness. In this essay, I will be comparing two articles, one written by David Murray and the other by Thomas Corley, hoping to answer the question “Does being thankful correlate with improved levels of happiness more than money does?” Both of these authors have written wonderfully about how being thankful makes you happier and how financially wealthy people are happier. It's a very intriguing question because it matters to us all, and once this question is answered it is possible that humans may be able to find the happiness that we so longingly search for.…

    • 454 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “It seems only natural that happiness should flow from having more money. Even if they don’t admit it, people still behave as though it were true. More money means you can have what you want and do what you want.” (Dean 2008). Wealth and possessions do not equal happiness because no matter how much money and gems you have you can not buy feelings, but only comfort, also if you are working hard for more money you are experiencing more stress and negative emotions.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The author begins by talking about the Easterlin Paradox which is made by the economist Richard Easterlin which argues that having money does not lead into happiness. In fact, Leonhardt interviewed Daniel Kahneman who is the winner of 2002 Nobel Prize and he agrees with the Easterlin Paradox as well. On the other hand, Betsey Stevenson and Justin Wolfers who are two young economists from the University of Pennsylvania agree with the author but they think that there are other factors that contribute to happiness. Furthermore, Leonhardt interviewed Easterlin who stated that people in rich countries are more satisfied in the poor ones but he argued that there are other factors that influenced their happiness other than money; because there are individuals in rich countries who are not satisfied with their lives. The author concludes his argument by stating that he believes that money can drastically affect people’s…

    • 1058 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The true path to happiness is usually painted as a dollar sign; however, in Jessica Krampe’s article “Does Money Really Make People Happier?” a different picture is painted. In fact, money may negatively impact our lives if not utilized correctly despite popular understanding that it is the key to limitless happiness. While money does play an important role in the creation of individual happiness by providing safety and stability, money may also act as a conduit for insecurity and a feeling of being constricted. Krampe exposes the steps behind happiness when combined with wealth. Emphasizing that luxury will not facilitate happiness in the long run, the logic and statistics used by Kempre further pushes the idea that modesty and self-worth…

    • 159 Words
    • 1 Page
    Good Essays
  • Good Essays

    Marriage and Money

    • 1079 Words
    • 5 Pages

    Imagine growing up and never finding that perfect someone. Now imagine two people meeting and one of the two people thought that the other person was so great that they thought the other was their "perfect" someone. What if the decision of the two ever becoming a couple was not up to you, but up to your particular social status? Is it reasonable to base who you will marry clearly on the bases of ones personal wealth or social status? The answers to these questions can only be answered by your own morals and how important social status is to you. Everyone has a choice, why does it matter as long as there is love?…

    • 1079 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Many Articles assessed in our class argue that money does make people happier, until they reach a certain income when the benefit levels out. I address three articles that address this concern in different ways: Chapter five in The Happiness Hypothesis by Jonathan Haidt, “A Formula for Happiness” by Arthur C. Brooks, and “High income improves evaluation of life, but not emotional well-being” by Kahneman, D., & Deaton, A., and Kahneman and Deaton’s discussion of life evaluation and emotional well-being.…

    • 1222 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    What is the good life and how does one achieve it? This is a question that has been brought to the attention of many philosophers over human history. It can be reasonably argued that the modern person, especially westerners, consider income to be an important part to living the good life. There is little question anymore that income and happiness are indeed correlated in some ways, but does one have to attain wealth in order to be happy, to live the good life? Can a person think of themselves as “living the good life” even though they may be of a more austere status? Does wealth even really matter at all? This paper will aim to argue the point that attaining the good life successfully has more to do with virtue ethics, specifically attaining eudaimonia, in spite of statistics that do show happiness, or unhappiness, and income can be linked, and why virtue ethics may have more bearing on a person’s perception of living the good life than economics do.…

    • 2722 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    In the article “Maybe money does buy happiness after all” David Leonhardt (2008) argues that money is a major factor that contributes in the happiness of most of the people. David Leonhardt is the current editor of a New York Times website which involves politics. He was previously the paper’s Washington bureau chief and as an economic columnist, he wrote an e-book about economic growth “Here’s the Deal: How Washington Can Solve the Deficit and Spur Growth”, and he also won a Pulitzer award for one of his commentaries. In addition, he had studied applied mathematics in Yale University (NY Times, n.d.). According to the information that we…

    • 1242 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Many years ago, some friends of mine who were taking a class from popular Swarthmore economics professor Bernard Saffran thought that it would be amusing to ask him if money could buy happiness. Bernie's answer was, "Yes, to a first approximation." This is not a frivolous issue. Many people instinctively distrust or dislike economics. However, once you concede that people with higher incomes are better off than people with lower incomes, you have conceded home field advantage to the economists. To the socialists, we can demonstrate that free markets, capital accumulation, strong property rights, and governments that serve the people rather than oppress them are factors that lead to higher incomes. To the environmentalists, we can show that the keys to environmental sustainability are substitution and technological change, not anti-capitalist primitivism. A Basic Challenge Recently, the Co-Director of the Centre for Economic Performance at the London School of Economics Richard Layard spelled out a fundamental challenge to mainstream economics. He argues that higher incomes do not lead to greater happiness. This in turn threatens much of the conventional wisdom among economists concerning policy issues. To an economist, it is literally axiomatic that if people pursue higher incomes, then higher incomes make them happier. We do not believe that people do things that are contrary to their interests. Layard argues instead that people pursue higher incomes even though collectively it is not in their interest to do so. He says that people are deluded into pursuing higher incomes by distortions in…

    • 254 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Love Or Money

    • 381 Words
    • 2 Pages

    For I don't care too much for money, for money can't buy me love (The Beatles). This just goes to show that money cannot buy you love. I would definitely pick love over money because money can’t buy me love, love will keep you happy, and money will not always be there.…

    • 381 Words
    • 2 Pages
    Satisfactory Essays

Related Topics