In the article “Can Money Buy Happiness?” by Sarah Gervais (an Associate Professor of Psychology) she suggests that money is important to happiness. In making this comment Gervais claims that having a higher income can give people “better access to homes in safer neighborhoods, better health care and nutrition, fulfilling work, and more leisure time (2).”
However, Gervais believes that “once an person’s income reaches a certain level and basic needs for food, health care, safety, and shelter are met, the positive effects of money such as buying a dream home are often offset by the negative effects such as working longer hours, or in more stressful jobs, to maintain that income (2).” Gervais later goes on to say that “most people assume that …show more content…
Myers author of “The Funds, Friends, and Faith of Happy People” talks about how “economic growth in affluent countries has provided no apparent boost to human morale (21).” Myers shows there is no correlation between money and happiness. Myers conducted studies and has written about the levels of happiness. “Countries where most can afford life’s necessities, affluence maters surprisingly little. In the United States, Canada and Europe, the correlation between income and personal happiness is surprisingly weak (18).” Myers claims that happiness is tends to be in the very poor; however, Myers states that more money provides diminishing returns on their happiness. He gives the statistical data that correlates with is claim that money does not equal happiness. He explains that from 1950 to the year 1998 the incomes of Americans have doubled and yet Americans are actually less happy then they were …show more content…
Elizabeth Warren doesn’t formulate a precise definition of the middle class because she believes that there is not really a concrete definition of the middle class. The group of people that she uses to represent the middles class is the rich and the poor. According to Warren one of the reasons for why there isn’t an increase in the income for the median earning families is overconsumption; “families spending their money on things they don’t need (68).” Warren believes that a person has reached overconsumption when that person goes “into deep debt to finance consumer purchases that sensible people could do without (68).” Warren’s article illustrates that if one has money to spend on frivolous items one will spend it, which can possibly lead them into debt or some other finical issue. Warren believes that money, more often than not creates negative side effects in one’s
However, Gervais believes that “once an person’s income reaches a certain level and basic needs for food, health care, safety, and shelter are met, the positive effects of money such as buying a dream home are often offset by the negative effects such as working longer hours, or in more stressful jobs, to maintain that income (2).” Gervais later goes on to say that “most people assume that …show more content…
Myers author of “The Funds, Friends, and Faith of Happy People” talks about how “economic growth in affluent countries has provided no apparent boost to human morale (21).” Myers shows there is no correlation between money and happiness. Myers conducted studies and has written about the levels of happiness. “Countries where most can afford life’s necessities, affluence maters surprisingly little. In the United States, Canada and Europe, the correlation between income and personal happiness is surprisingly weak (18).” Myers claims that happiness is tends to be in the very poor; however, Myers states that more money provides diminishing returns on their happiness. He gives the statistical data that correlates with is claim that money does not equal happiness. He explains that from 1950 to the year 1998 the incomes of Americans have doubled and yet Americans are actually less happy then they were …show more content…
Elizabeth Warren doesn’t formulate a precise definition of the middle class because she believes that there is not really a concrete definition of the middle class. The group of people that she uses to represent the middles class is the rich and the poor. According to Warren one of the reasons for why there isn’t an increase in the income for the median earning families is overconsumption; “families spending their money on things they don’t need (68).” Warren believes that a person has reached overconsumption when that person goes “into deep debt to finance consumer purchases that sensible people could do without (68).” Warren’s article illustrates that if one has money to spend on frivolous items one will spend it, which can possibly lead them into debt or some other finical issue. Warren believes that money, more often than not creates negative side effects in one’s