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Can Money Buy Happiness ? :-)
February 10, 2024
3:25 pm
Dean
Valhalla Mountains, British Columbia
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sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

February 11, 2024
5:45 am
qzjxk
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I think that for some people ignorance is bliss.
I think that for some people money can buy unhappiness.
It's complicated.

February 11, 2024
10:29 am
Dean
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.
A wise man once said . . .

    "Money isn't everything ... as long as you have enough of it."

Dean sf-wink

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

February 11, 2024
11:21 am
cgouimet
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Dean said
.
A wise man once said . . .

    "Money isn't everything ... as long as you have enough of it."

Dean sf-wink  

Enough ...

How much is enough for enough of us to have enough happiness.

All we need now is three enough definitions ...

CGO
February 11, 2024
1:26 pm
Alexandre
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Money is one of the pillars of freedom.

Freedom is one of the pillars of happiness.

February 11, 2024
2:56 pm
dougjp
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No. Money cannot buy happiness.

....but it sure helps sf-wink

" We may never pass this way again " - Seals & Crofts

February 11, 2024
3:56 pm
savemoresaveoften
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Enough is whatever one decides. Once you think you have enough, money is no longer a source of unhappiness.
And money can buy a lot of happiness, just not 100%.

February 11, 2024
4:41 pm
cgouimet
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So if you buy happiness, what happens to the seller?

CGO
February 12, 2024
8:46 am
MattS
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Rabbi Daniel Lapin says it best
Having money allows you to move stressful unexpected events that cause anxiety into the nuisance category as you write the cheque to make the inconvenience of replacing the roof go away..
so at some level it certainly does bring an extra level of comfort which lends to happiness

February 12, 2024
8:55 am
lifeonanisland
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MattS said
Rabbi Daniel Lapin says it best
Having money allows you to move stressful unexpected events that cause anxiety into the nuisance category as you write the cheque to make the inconvenience of replacing the roof go away..
so at some level it certainly does bring an extra level of comfort which lends to happiness  

Or, said another way, money provides you with the freedom to not think about money.

February 12, 2024
9:24 am
Dean
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.
One of my favorites, by Will Rogers . . .

.

      Dean sf-smile

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

February 12, 2024
9:30 am
Bill
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Kind of a dumb question to me, given that pretty much every adult on the planet wherever they've lived has been chasing wealth since time immemorial, never mind that those who do have a pile hardly ever give it all away before they're dead. The evidence seems pretty clear to me.

February 12, 2024
9:47 am
Nirvana7734
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I remember learning about this phenomenon during my undergraduate degree in psychology. It comes as no surprise that insufficient funds to afford basic needs (i.e., shelter, nourishment, and/or utilities) is associated with drastically lower self-ratings of happiness. Therefore, money most definitely can and does "buy" happiness.

More recent research essentially continues to reveal that, yes, money can and does buy happiness. The following is a paraphrasing of this journal article: https://www.pnas.org/doi/10.1073/pnas.2208661120

"In the simplest terms, this suggests that for most people larger incomes are associated with greater happiness,” says Killingsworth, a senior fellow at Wharton and lead paper author. “The exception is people who are financially well-off but unhappy. For instance, if you’re rich and miserable, more money won’t help. For everyone else, more money was associated with higher happiness to somewhat varying degrees.”

Mellers digs into this last notion, noting that emotional well-being and income aren’t connected by a single relationship. “The function differs for people with different levels of emotional well-being,” she says. Specifically, for the least happy group, happiness rises with income until $100,000 (USD), then shows no further increase as income grows. For those in the middle range of emotional well-being, happiness increases linearly with income, and for the happiest group the association actually accelerates above $100,000.
_____

Conclusion: Yes, money still can and still does buy happiness, especially if you are already a happy person. 🙂

February 12, 2024
11:04 am
Mhooper
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not sure that money can buy happiness and the definition of that is an individual thing anyway, but the lack of money for necessities of life definitely seems to bring misery.

February 12, 2024
1:30 pm
Technical Analyst
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I teach in my financial literacy classes that "Money buys opportunities that in turn make you happier". If debt = modern day slavery, then wealth breaks those chains.

February 12, 2024
2:20 pm
savemoresaveoften
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Only 2 types of people will say ‘money can not buy happiness’
Those that are ultra rich
Those that are ultra poor and see no light at the end of the tunnel, that’s their way to comfort themselves
For every one in btw, money can reduce ur unhappiness

February 13, 2024
8:31 am
SaverJunior
Toronto
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Happiness? I would pay to go back in time, to my younger years. Can I buy back my strength and natural radiance that I once had? Buy back the time lost on stupid things.

February 13, 2024
8:59 am
cgouimet
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SaverJunior said
Happiness? I would pay to go back in time, to my younger years. Can I buy back my strength and natural radiance that I once had? Buy back the time lost on stupid things.  

I do remember fondly the good old days too. BoC Rates of 7-12% in the 70's, 8-21% in the 80's. Yes, those were the days.WOWA-Bank-of-Canada-Overnight-Rate-History.png

CGO
February 13, 2024
9:21 am
JohnnyCash
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Money doesn't buy happiness, but it makes misery easier to tolerate.

Money allows us the ability to make choices which wouldn't be otherwise possible.

February 13, 2024
9:53 am
Dean
Valhalla Mountains, British Columbia
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SaverJunior said

Happiness? I would pay to go back in time, to my younger years. Can I buy back my strength and natural radiance that I once had? Buy back the time lost on stupid things.  

    Ditto ⬆

.
George Bernard Shaw said it best . . .

      "Youth Is Wasted On The Young"

Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

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