Correlation Between Money and Happiness

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The question of whether or not money can buy happiness is an infinitely aged issue that has boggled the minds of scholars and laypeople alike. Often in research, especially scientific studies, people look for the simplest possible answer to a question or problem, however in this case, there does not seem to be an easy way to go about answering it. Money has more of an effect on our lives than we sometimes like to think, and although it may usually be overlooked as just a natural condition we are forced to deal with, almost everything we do is influenced by the amount of money we have or in some cases do not have. I believe that although it may not always seem like it, various research has shown that overall happiness is most often directly correlated with monetary supply. Due to these statistics and my own personal feelings, I believe that money does indeed buy happiness. To say money buys happiness is not as shallow a statement as it may seem. Quite often people will respond with something along the lines of “Money has nothing to do with happiness,” or “Love buys happiness.” This doesn’t go to say that the latter is false. Love is an important part of life too, but the research is there to show that in most cases, those who have less money also have less happiness. For example, American psychologist, professor, and author Ed Diener says “…we found that societal income has a substantial influence on life evaluations beyond the effects of personal income, indicating that it is very desirable to live in an economically developed nation” (60). Throughout his research study, data was collected from varying groups of people living in many different areas and of differing economic status to see how their overall emotional livelihood was affected by it. Of course there were some groups that differed from the normal results. Some people in more impoverished
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