Again, this notion is not about how being insanely wealthy makes one happy. It regards the impression that money in general creates financial comfort, which leads to contentment. Of course, money is necessary to purchase basic needs. Everybody needs food, water, clothing, and shelter. If people do not meet these needs, then it could lead to sickness and death, which relates to the phrase, “Health is wealth.” For example, if one person is sick and cannot afford health insurance or hospital costs, then it is more likely that the person will not live. Studies have been showing that the amount of income positively correlates with individuals’ happiness and overall well-being. According to “How Much Does Happiness Buy? Income and Subjective well-being in New Zealand,” a graph is displayed with “Household Income” on the x-axis and “Aspect of Subjective Well-Being” on the y-axis. At $200,000, which is the highest value on the x-axis, “Quality of Life,” “Happiness,” and “Ability to meet every day needs” (belong to the y-axis) are all close to the value 3.5 out of 4. Also, many people believe the reason why money would not buy one happiness is because they purchase material things, where they would later on be greedy. This is not true. Money not only purchases material things, but it buys experiences. Almost everybody wishes they would have the means to afford a nice tropical vacation to a beach resort. Elite Daily backs this …show more content…
To start off with our nation as a whole, with it being one of the richest nations in the world, the United States gives its citizens many benefits and opportunities. “Who Says Money Can’t Buy You Happiness” states that “Wealthier countries experience less infant mortality, improved job safety, longer life expectancy, cleaner environments, and improved educational opportunities.” These factors do help its citizens have opportunities to earn income and become happy. Compared to living in Africa, many of its people are starving and bone skinny because they do not have the natural resources that the United States or other wealthy countries have. With a philanthropic view on this topic, money can make other people happy in means of charity work and other organizations and foundations. Also, the concept of giving to others makes ourselves happy because people know it makes a difference to better the world. There was an experiment that occurred where half of the people received money to spend it on themselves and half of the people spent their money on other people. “The half who spent the money on others consistently get more pleasure out of the experience than their non-altruistic colleagues.” At the end of the day, this concept is a win-win situation because it benefits both