Scientific evidence has shown us that in fact, money DOES buy happiness, but only to a certain point.
A famous Princeton study (linked below) found that emotional wellbeing increases steadily with income, up to around $75,000 per year. After that point, income does not have much of an effect on emotional wellbeing.
Research has previously shown that low income families are more likely to divorce than higher income families (see NCFR link), and that lower income couples were more likely to have their relationship negatively influenced by money problems. Together, these facts suggest that conflict within low income families can often relate to money problems, leading to unhappiness and divorce at higher rates than high income families.
The Princeton study has found that low income families also experience more emotional distress from unfortunate life events (which include poor health and loneliness as well as divorce) than do higher income families.
With that said, it seems clear that $75,000 for a family isn't really all that much money. Two parents earning just over $37,000 per year will earn that much (which works out to around $18 per hour per parent working 40 hours per week). Clearly, though, a single parent earning that salary will earn far below the 'happiness threshold', and will suffer from many of the financial troubles experienced by low income families.
Essentially, I think the data shows us that money can buy happiness if you are in poverty or struggling with money. In this case, the money will eliminate several sources of unhappiness, such as stress and marital conflict over finances. But once you have a comfortable family income: enough to pay for all your fixed expenses (such as rent/mortgage, bills, and groceries) and maybe a few luxuries (movie tickets), money doesn't really have much of an impact on happiness.
Happiness is an emotion that we discover inside our own selves as human beings. An object can make a person happy for a short while but happiness is for a lifetime. If somebody thinks money can buy happiness then that is not true happiness.
Money is given huge importance and the simple things which bring us true happiness are often overlooked. One of the things that give happiness is love. It does not cost anything but can fill your life with happiness. This feeling cannot be purchased. It cannot be traded for any amount of money in the world. Generally, people believe that they can make someone feel happy or loved with the help of money, and perhaps they can but only for a while. Here are essays of varying lengths on the topic Money can’t buy happiness. You can select anyone you need:
Long and Short Essay on Money can’t buy Happiness
Money can’t buy Happiness Essay 1 (200 words)
In general, Happiness is a difficult word to define. The way of measuring happiness is different for everyone. Few people trust that money can buy happiness, whereas others disagree. According to me, although having lots of money will surely provide us lot of ways to entertain ourselves but it can’t buy love and happiness.
Money can’t buy love and a happy life comes from having good friends and family who care about us. Our life becomes meaningful and happy when we are around loved ones. For example, I have read an article about a famous actress in Bollywood who died due to depression and was all alone during her last days. She had been a really popular actress because of her beauty and acting skills. Even though she was earning a huge fortune every year, she was not happy as she didn’t have any close friend or family who could take care of her. Whereas I have seen people who have a happy life without money because they are surrounded by people who love them and care for them.
In most cases people have to work hard to earn lots of money and due to which they have less time for their social life. Many businessmen work 6 days a week and earn good money but they don’t have the time to spend that money and remain stressed. People have money but if they don’t have the time to enjoy their life than it is worthless.
Money can’t buy Happiness Essay 2 (300 words)
This term happiness can be well explained by the happiness model. It is quite simple; Happiness refers to a greater presentation which can bring greater rewards. Let’s take a look at the Happiness Model:
The Happiness Model
According to this model, if you love what you do then it is obvious that you will be keen on knowing it better and will have a better clarity on the subject. With this clarity, you are bound to perform better which lead you to success and thus the reward attached to it.
A Psychological study has revealed that bigger happiness, comfort, and positivity can show the way to better performance. Whatsoever activity one is undertaking, he is sure to be successful when he is in a state of happiness. It enables him to perform at a superior level.
What does it bring? It brings the rewards that you are aiming at. These can be both monetary and non-monetary. It can be a simple appreciation from your superior at work and receiving a pat on the back. On the other hand, it may also lead to the achievement of your sales target and attainment of the bonus attached to it, or a greater opportunity of getting a promotion.
The more constant and steady your happiness and optimistic outlook is, the better performance you will have in your pursuit.
A person will be more productive and more successful in whatever work he is doing if he is coming to work with excitement each day. In your personal life, it is not different.
You will reap the reward if you do what you love. You will generally perform better and will not only be more wealthy in monetary and non-monetary terms but you will also lead a more fulfilling and happy life. There is a world of opportunities. So get out into the world and enjoy what’s around.
Money can’t buy Happiness 3 (400 words)
A lot of people think that happiness can be acquired with the help of money, or that you need money to be happy. But there are a few of us that still believe that the best things in life are free. Many things that can make us truly happy cost nothing. Friends, family, relationships all are priceless. Such things cannot be bought and that is what real happiness is about. Several people think that material wealth or just plain money can make them happy, or can buy them the things they believe can make them happy.
Money can’t buy Happiness
Our family, friends, and relatives are the people that have been there for us all through our lives. All the memories we have with us were created with them and every story behind our bumps, bruises, embarrassments, dating experiences and all other extraordinary events is known to them. No amount of money on the planet could pay for that. Memories are formed and created hence they cannot be paid for or paid off. I have been a family oriented person, so I don’t appreciate why some people would think that money could buy happiness.
Lot of us think of our friends as treasures. A friend is somebody that likes you for what you are and who you are, and they continue to believe in you even when you stop believing in yourself. The friendship which we form is a tight bond and we get emotionally involved with people. Money can’t obstruct with our approach, nor can money buy us true friends. We as individuals would be very sorrowful without friends to tell our secrets to and having a shoulder to lean on when we need it.
I have personally seen people who buy clothes, accessories, food or anything to buy friends. It might work but only for a while and then it just goes to demonstrate once again that money cannot buy happiness.
The finest things in life are indeed free. We may occasionally take for granted the items we have, which are priceless. We might not realize how important love, family, and friends are, but when we really analyze it, we know that indeed the best things in life are free of cost. Money can only buy the materialistic things and relations that last for a short while whereas no money is required for the relations build with heart and emotions. Remember, money can’t buy you happiness but happiness can get you more money!
Money can’t buy Happiness 4 (500 words)
Can you be happy if you have a big mansion to stay, an indoor pool to bathe or a luxury car to drive. Or is it something related to the sense of freedom, love, relationship, and self-realization. There are basically two types of people who think that Money can’t buy happiness – Those who have an excess of money and still find themselves unhappy and those who have never had plenty of money.
What is Happiness?
What is happiness? Is it pleasure?
Is there any difference between happiness and pleasure?
Happiness is always defined differently by different people. Somebody’s happiness may be a bad fortune to the other. So what is ultimate happiness? It is something which differentiates you from the materialistic pleasures and you stay in constant bliss. You multiply your happiness by helping others, being calm and caring. This kind of happiness cannot be bought with money.
Needs V/S Wants
Life is very simple but we make it complicated. The basic rule of life includes ‘Needs and Wants’. The things which are basics for human survival like food, clothes, shelter etc are the needs. Sufficient money, electricity, education, and transport can also be counted as needs in modern day life. Once a man fulfils his basic needs, he doesn’t stop there, he desires for more. A salary hike, a better home in the city, expensive clothes, luxury vehicle and when he crosses this stage he wants even more like a world tour, a luxury villa and new hobbies like golf, sailing, etc.
So basically wants are never ending and if the happiness is dependent on these factors then it’s really hard to imagine that one will get happiness because he/she will be always indulged in acquiring more and more. It is good to be ambitious and money can be a good driving force to lead a comfortable life but when one becomes greedy and selfish then the ultimate goals of life are replaced with materialistic things. An achievement does bring happiness but for a short span. We work hard for years to achieve something but it vanishes in few days or months.
Is Money Important?
It will be wrong to say that money is not important. Just imagine, you are travelling somewhere with your family. In this journey, your goal is the journey itself and not the destination. That journey with family is the happiness but the fuel required to run the car throughout the journey requires money. If the fuel tank dries, you can still drive it on a slope but that will be risky. Human life also works the same way, money is essential to run the life and it is very difficult to survive without money. You struggle for happiness when earning money is the only goal in your life.
Happiness v/s Pleasure
You can acquire pleasure with money but actually you need a lot of money to buy pleasure. A wise man will not mix happiness with pleasure whereas a common man thinks pleasure as definitive happiness and at the end of the day he may find himself in depression, anger, loneliness but with a lot of money. There are several businessmen in India who earn in millions and can afford pleasures but they get happiness by doing social work and charity and that is the source of their happiness. Mr. Ratan Tata who is one of India’s top businessmen spends 60% of his earning to social service, NGO, and charity.
It should be noted that money is an essential part of modern life and one cannot survive without it but one should not make money as the sole source of happiness. Money can buy pleasures but not happiness and these two things should be kept different.
Money can’t buy Happiness 5 (600 words)
Happiness and honesty are some of the human attributes that cost nothing at all. As it is said, the best things in life are free and there are certain things in life where the currency has no value – like friends, family, and good memories.
True Happiness is Priceless
Some priceless possessions that are essential for happiness but cannot be bought are mentioned below:
- An honest opinion from a loved one.
- True friends who have your back.
- A family you can always count on.
- True love
- Humour and laughter
- Having a positive attitude
- Doing a good deed
- The first time someone says, “I love you.”
- Quality time with your loved ones.
- Having someone listen to you intently.
- The love of your children, family, and significant other.
- Pushing one to achieve something great.
Happiness and Other Things Money Cannot Buy
Clearly, money cannot buy happiness. What else can money not buy?
Love: Money can buy attraction, power, and lust but it cannot buy love. Love is an emotion that can only be felt and experienced. It is something intimate, heartfelt and mysterious.
Truth: Money may be able to buy authority but the truth is most powerful of all. Sometimes money is exhausted to shove beliefs or an agenda and can even be used to generate unfair study to strengthen an opinion. Sometimes, people are able to hide the truth with the help of money but not for long. In the end, no matter how much money is spent on forging the truth it will always be exposed.
Time: You will never get back the time you have spent. Each minute that has passed will never return. Despite so much scientific and medical advancements, there is no way that we can reverse the time or extend our life. No amount of money can turn the clock back so we should live our life to the fullest, work hard and enjoy what we have.
Peace: It has been seen that the wealthier a person, the less peace of mind he possesses. Money cannot buy you peace. Many individuals have spent countless amount of money to establish inner peace and this vast sum of money has never been able to come close to what we could define as peaceful. Peace does not depend on your bank statement. It depends on how you train your mind and set your expectations.
Talent: Money can certainly help you to enhance and develop a talent within you but you won’t be able to purchase talent or skill. Besides inborn talent, there is a zest to learn and gain knowledge to nurture a skill or talent. All this cannot be purchased with any amount of money.
These are all essential components of happiness!
“Money has never made a man happy and nor will it. There is nothing in its nature to produce happiness”. A precious and priceless asset, happiness is something no sum of money can ever buy. It is doubtlessly treasured more than any material item you possess.