Post
Topic
Board Economics
Re: Money and happiness.
by
emmybd
on 28/07/2021, 19:11:47 UTC
You know this phrase: money cannot buy happiness. It turns out that this is not entirely correct. Money can buy a certain degree of life satisfaction, depending on how much wealth you have and how you spend it.
 With more money, people have a greater sense of control over their lives. If you have more money, you can choose how to spend your time and how to guide your life. Low-income earners are seven times more likely to report handling billing issues than others. Far from the most important thing, for these people, happiness is actually not affected by how much they earn. Therefore, those who have low incomes but can still create a life they like may find that they don't really miss having more money. The ability to meet basic needs without having to do multiple jobs at the same time also means that you are more likely to have time to spend time with friends and family, which is important for happiness.