In today’s world our society tends to have the belief that being wealthy makes all your problems disappear and people are much happier. This research paper will show you the advantages and disadvantages of being wealthy compared to being poor and which one makes a person happier. Are you wealthy, if so are you happy? If not, are you still happy? Would you want to be wealthy and what are the disadvantages and advantages?
Sometimes the rich are not the most happiest. Our society has led us to believe that being wealthy makes people happy. Not he who has much is rich, but he who gives much (Fromm). There is competition with trying to keep up with the Jones, if not do better than the Jones. This is an accurate statement, society is always trying to get “one up” on the other person. Competition is an excellent self esteem builder but what about the sacrifice to get there. People that want to gain in their careers there is always some type of risk involved and you have to give up something.
Some of the problems we face can be resolved in how we look at different choices …show more content…
People need to realize how to make these changes through other’s experiences and education. In the article by Noah Smith, he claims, Today, wealth equality is closely tied to income equality. But in the long run, it 's all about thrift, frugality, and saving -- in other words, teaching a consumer nation a lesson in cheapness (Smith). Society needs to realize without making changes the poor still stay poor and the rich become richer. There are steps we can take to make these changes and help ourselves become better at becoming rich in our own ways whether it be through savings for a trip, education for our children, or just building a nest egg. Educating ourselves to become better with our money will benefit not only us but our families