Money And Happiness: The Relationship Between Money And Happiness

The relationship between money and happiness is complex and largely misunderstood. One of the factors that complicate the relationship is the lack of a universal definition of the term happiness. Research shows that nobody truly knows what happiness is. Additionally, over the years, psychologists failed to establish why certain conditions could make one person happy while leaving another person discontent. Happiness is difficult to understand and explain because it is an emotional factor that is considered to be influenced by multifarious factors. Money is considered one of the least influencers of happiness. Despite the complexity, years of research have clarified on the subject by uncovering different aspects of the relationship. It has been discovered the level of happiness is dependent on numerous factors, which are partly a result of decisions concerning time and money. Money and happiness are directly correlated because money acts as a means of achieving basic needs and wants. Money facilitates achievements of happiness because it funds projects that boost personal confidence and perception of life. For instance, one can be happier if earnings are used to acquire a home close to the workplace. In that respect, money would have indirectly made easier happiness …show more content…
However, their relationship is indirect. Other factors have to be unified to make the relationship productive or destructive. The relationship between money and happiness is not always positive. Money provides a channel for attractive either positive or destructive elements. If money is used positively, then it gives one to access opportunities for happiness though acquiring luxuries and conveniences. A person with money is potentially a happy person because money will easier the access to greater respect, higher status, fulfilling work, more leisure time, better healthcare, greater security, and better control of factors of