Change in the Traditional Family Since the 1950s

1057 Words5 Pages
Can Money Create Happiness? Throughout time, money and materialistic values have become a higher priority to the American people. Although our country was founded on family values, it has developed into a society of materialistic importance. Families are worried more about money than they are their families, friendships and happiness. The idea that money brings happiness is nothing more than a myth; money only helps an individual become more of what they already are. This statement, that money can not bring happiness, may seem unrealistic, but in fact it is not. Studies such as the one done by Daniel Kahneman, PhD, and colleagues prove that “it’s just an illusion that wealth brings happiness”( In this study, Kahneman states that “people are likely to overrate the joy-bringing effect of whatever they’re thinking about at the time, whether it’s money or the number of dates they had last week”( By this, Kahneman is saying that money does not bring happiness, but the thought of wealth brings temporary pleasure. Other studies also show this same result. A study done by Dalhousie University in Nova Scotia proved that those most stressed by money are those with the least and most amount of income(Pennock 2004). This, according to the study, means that those who have more wealth are stressed due to the fact that they are in more debt. Those with more wealth have a higher chance of being accepted to receive credit, therefore they do so to keep up a specific lifestyle. On the opposite side of the spectrum however, the individuals with the least amount of wealth are stressed due to the fact that they can not afford to provide for their families in a sufficient way(Pennock 2004). Although these studies show the stressful side of being materialistic, this also has an effect on family. According to Eastern Economic Journal, parents decide a large number
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