Correlation Between Happiness and Money

Introduction Happiness seems to be a very complicated problem, such as personal differences and cultural differences. Therefore, when you try to acquire data for analysis, analysis may be difficult. But there is a problem as to whether there is a connection between happiness and money. The basic understanding that you do not have the money to meet basic needs is very stressful. Instead, the impact of money on happiness after basic needs are satisfied Another problem is that there is a magical income to maximize happiness.

As people earn more money, the correlation between money and happiness declines. The Swiss economist, Bruno S. Frey, focused on the motivation from the outside of happiness and economics books, looked at happiness at various income levels and investigated the deterioration of happiness in detail. . The results of the survey show that, on average, the increase in low-income assets will increase happiness over high income (the average difference of the first 5/10 is 0.05, the average income of the last 5/10 is 0.03). Another way of thinking is that if you already have a lot of money, money has less impact on happiness. This should be justified. When you get something that you do not have, you appreciate what you have and it will make you happy. There is a clear distinction between nothing and getting it.

Happiness is similar: money can not buy long-term happiness, but it certainly helps to create an environment that triggers this happiness. Various studies have found a positive correlation between income and long-term happiness. Like love, the impact of money on happiness is not that strong, other factors are more important. Social factors such as marriage, family, friends, children, etc are more important in judging long-term happiness than economic factors such as work, income, living standards. But money can improve our situation and provide us more opportunity for happiness.

Research supports the idea that the relationship between money and happiness is related to how you consume it. Financial experts say that understanding and distinguishing what is actually worth the money is the key to enhancing happiness. This is not to get more things like a new car or the latest flat-screen TV. Even if it is just ten dollars, you have to think that you do not mind investing, do something to feed your soul. Purchase time: Time is a precious item that most people want to have. The authors discovered that improving the way you use your time can help you make a choice of life and create more happiness. So, for example, because you use the app to buy your groceries, you just have to park your car in front, and it is worth having your luggage in your car worth it He is a next grocery member. If you spend money you can manage time better and improve the quality of life, not saving money to do what you dislike.