Does Money Bring Happiness? Essay
This often quoted phrase is so overused and jaded that even though we know that it is true, we tend to ignore it. We want to believe that there is an easy way out of being unhappy and believe me overcoming your emotions and teaching yourself to be happy can be more difficult that earning some bucks!
All of us have at some point in time or another seen extremely rich, wealthy and famous people unhappier than what we would expect them to be, given the amount of material benefits that they have. It is surprising that a large number of wealthy people do not seem to experience the happiness that one would expect goes with so much money and riches. A study conducted by University of Illinois indicated that more than …show more content…
BERKELEY – Few would disagree that, to a certain extent, money brings happiness. But according to researchers at University of California, Berkeley, once enough is earned to meet basic needs, money in relation to happiness is a very personal equation.
In fact, employees who are primarily motivated by the love of their work become less happy the more money they make.
Psychology PhD candidate Ariel Malka and Haas School of Business professor Jennifer Chatman posed the question: Does the effect that money has on happiness differ between individuals? Specifically, depending upon work values, does one's level of income impact his or her feelings about life?
Malka and Chatman's findings are published in the June issue of the Personality and Social Psychology Bulletin.
They conducted a study using a sample of 124 UC Berkeley MBA graduates who participated in an MBA Assessment Project conducted by UC Berkeley's Institute of Personality and Social Research.
Between 1986 and 1991, those participants completed initial surveys while still in graduate school assessing, among other things, work values. In 1995, four to nine years after