The Importance of Young Financing Education

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Americans are loaded with indulgences like big-screen TVs and extra-virgin olive oil; at the same time, we struggle to be happy. A paradox? Nope. Despite worries like international conflict, climate change, and trans fats, we enjoy an extraordinary degree of affluence and security. This prosperity allows us to turn our attention to more transcendent matters—to yearn for lives not just of material comfort, but of meaning, balance, and joy.
This isn’t just true of the United States. As countries become richer, studies show, citizens become less focused on physical and economic security, and more concerned with goals like happiness and self-realization.
Gertrude Stein’s observation frequently floats through my mind: “Everyone has to make up their mind if money is money or money isn’t money and sooner or later they always do decide that money is money.”
Money satisfies basic material needs. It’s a way to keep score, to win security, and to earn recognition. It symbolizes status and success. It can bring comfort and a sense of identity. It can be renounced, sacrificed, or dedicated. It’s a means and an end. It creates power in relationships and in the world. It can bring change. It often stands for the things that we feel are lacking—if only we had the money, we’d be adventurous, or thin, or cultured, or respected, or generous. It’s a symbol of everything we dream of earning.
In particular, I kept reading the argument, “Money can’t buy happiness,” but it certainly seems that, whatever any economist or social scientist might claim, people act pretty convinced about the significance of money. It’s not without its benefits, and the opposite case, though frequently made, has never proved widely persuasive.
I wanted to look carefully at these arguments being made about the irrelevance of money to happiness.
For example, I repeatedly encountered the assertion that,
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