Can Money Buy Happiness? Essay

1632 Words Nov 8th, 2016 7 Pages
Growing up in a family where both my parents came from poor immigrant backgrounds, they 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 financial affluence, including positive ties with other individuals and joyful temperaments (Biswas-Diener 168). Extending Biswas-Diener and Diener’s inferred definition of “psychological wealth” to include the various types of wealth beyond monetary success, such as career achievements or fulfillment through relationships with loved ones, then one can be rich beyond finances. By changing the portrayal of financial wealth from a materialistic depiction, leading to a track of unhappiness into one of several paths to “psychological wealth,” then the path to wealth becomes broader; various methods to becoming rich exist in this expanded definition of wealth, including, but not limited to the use of deliberate effort to be happier and expenditures on items of values. By…

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