can money buy happiness Essay
688 Words3 Pages
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…show more content…
Of course, that is just one viewpoint. All the things mentioned above have no relation to contentment in present conditions as even the bare necessities of life are not enough to fulfill the needs of today’s generation, as everything has a price. The reality itself is cruel yet unavoidably true, that you cannot be fed, educated, sheltered, and you cannot have even have any enjoyment or entertainment without some kind of economic support. The modern world has given a price tag to everything, and thus, for many, wealth is indeed the root and ultimate happiness.
It should be highlighted that money may allow one to get all the temporary comforts of life, but it must also be considered as to which type of person benefits from money as well. For example, an individual dying from an incurable illness, cannot be satisfied while being in possession of a great deal of money, when they are not even able to spend and enjoy it to its fullest content. Furthermore, someone with vast riches may be considered lucky by many, but the individual himself only realizes that if there is no one to share the bounties with, there is indeed no sweetness, no matter how ripe the fruit may be. Then again, if you happen to pick out someone from the opposite end of the upper class and elite, someone who belongs to a third class community, having a large family, loving spouse and even the beloved pet, he or
Money Can't Buy Happiness Essay
1163 Words5 Pages
Since man invented money, the question has been asked: Can money buy happiness? Recently, research has given us a much better understanding of the relationship between what we earn and how we feel. Economists have been studying the links between income and happiness across nations, and psychologists have performed innumerable studies to discover our true feelings about money. Studies consistently show that people who agree with statements like “You will buy things just because you want them,” tend to be less satisfied with life, less happy, and more likely to be depressed.
But, just like studies examining the connection between success and happiness, many of the findings are correlational. As a result we can’t say for sure that…show more content…
Then, after about a week, the same participants were given back their own descriptions of their purchases and asked to reflect on it. Again, they were asked to report on their feelings in the moment.
Comparing these two groups provided a way of comparing how participants felt about two different types of purchases. The results showed that participants felt better when they were contemplating their experiential purchases than their material purchases.
Thinking about experience
As a result of this experiment, Van Boven & Gilovich predicted that people spend more time overall contemplating their experiential rather than material purchases. To test this out they asked participants to think about experiential and material purchases they were particularly happy with. Then they were asked which they thought about more often. The results clearly showed it was the experiential purchases people thought about more often (83%).
Why do experiences fare better than possessions?
It seems, then, that at some level we understand that our experiential purchases give us more pleasure than our material purchases. But why is that? Van Boven (2005) suggests three reasons:
1. Experiences improve with time (possessions don’t).
The reason why experiences improve with time may be because it is possible to think about experiences in a more abstract manner than possessions. For example if you think back to a fantastic summer from your youth, you might