For as long as I can remember I was told the quote “money can’t buy happiness” that happiness comes from other things such as nice friends, family and from having a big heart. But it does not make sense that something that could give you virtually anything doesn’t bring you happiness?
After looking into the topic I came across a study through Cambridge University in which 625 people took a personality test and there were 60 spending categories that matched up to 5 different personality traits on the test. The researchers noticed from the test that those who spent money in the categories related to their personality trait were happier meaning the people that spent money on things related to their personality type had a higher correlation to happiness. Like we discussed in class that correlation does not prove causation, this does not technically mean that buying things you like causes happiness, but they positively correlate with each other.
By having lots of money you have more choices of what to do with that money. Whether it be donating it to charities, buying clothes, puppies, or going on vacation that all brings joy to a person so how could money not buy happiness! There are some confounding variables to that statement being if a person is depressed nothing they buy could make them feel better, or if one is very lonely you can’t necessarily buy a person, but you can buy a dog.
Not having money can be a major stressor on a family. It is used in all aspects of a living environment like how the bills get paid, where the food comes from, how all the necessities such as toiletries are paid for. If there is not enough money in a household to pay for these things then there is definitely not enough for non necessities such as cable, wifi, going shopping, or going on vacation so it’s definitely hard to be in complete happiness without some of these things. Although if you are content in your life without materialistic things then it is definitely possible to be happy without having extra money.
Could there also be reverse causation in the statement that money can buy happiness? Technically yes, because if you are a very happy and joyful person this can give you more job opportunities allowing you to make more money than a person with little to no happiness in there personality.
It is hard to claim whether money does or does not buy happiness because it has a different value on each and every person. Some people strongly value money while others could just use it for the necessities then live without it. There are many families that have all the money they will ever need but are not content with their family life so they do not feel happy. Also there are people with barely enough money to survive but are surrounded by many people that love them so they don’t allow the amount of money they have to effect their happiness.