Is there a connection between money and happiness?


(Image is mine, designed on Canva)

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As a little child then I have always been happy when I am given money because I get to buy things I want and once it finishes, my mood changes and I will run to meet my dad for another one. If I am not given, I become more angrier and disobedient until my want is met which is money.

All we think of is that money can make one happy. Do you think that is true?

What if I may ask; does money buy happiness? If I were to be asked this question before now, I would say Yes. There is an entangled relationship between money and happiness which makes people conclude that money is happiness truly.

Critically looking at society today, one would agree that socioeconomic status is a factor that determines an individual's happiness to money, and this is quite unsatisfactory to characterize or attribute money as the only factor and determinant of happiness.

There is a straight relationship between money and happiness. However, to some extent, money does not have an effect on an individual's happiness.

Take, for instance, an employee who has the highest-ranking income in a workplace tends to be much happier than the other who has the lowest-ranking income.

Let's come down to Hive, an individual, after several hours working on a post to make it stand out when once published and receives huge upvotes from big whales will be much happier than when he or she has low votes on their previous posts.

Money only facilitates the things that bring happiness but it does not bring happiness itself.

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Karolina Grabowska from Pexels, designed on Canva

Money and Happiness.

Since we have generally perceived money to be the ultimate source of happiness, many people keep working without resting during the day and night so that they can earn more money to satisfy their needs. The more money they earn, the happier they get to meet their needs.

This is why we see how people devote all their time to work rather than spending time for their families, themselves, and in particular "health." Although money brings happiness and makes an individual live a satisfying life through spending to satisfy their needs, people also derive pleasure in getting more money.

Life becomes happier when a person has one or two sources where they work and earn more income. Otherwise, working all the time without a standard income leads to unhappiness and loss of morale of working with or among other workers. Hence, money is just a motivating factor and a source of pleasure in meeting the needs of the family. As a result, there is a linear relationship between money and happiness.

Money can have a direct relationship with happiness but up to an established level of satiation where money does not affect happiness.

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According to Albor (2009), happiness has a combination of seven factors that makes money not to be the only source of it, namely; family relationship, community, social affiliation, financial institution, work, personal freedom and values.

Some people have a poor understanding of the relationship between money and happiness which makes them think that money is the only means to gain happiness through satisfying one's human needs that money can buy, the truth is that money cannot buy everything that determines happiness.

A wealthy man still would not have happiness when he is not at rest thinking and worrying about the inappropriate behaviour of his only son whom he plans to put in place as the next controller of his business. This is why we must not think that the solutions to many problems we encounter in life lie in money because it pays for our education, house rent, food, healthcare etc.

Thanks for your time on my blog.

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29 comments
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There was a study several years ago where they ultimate conclusion was, more money equals more happiness up to where all your needs are met, like home, food, clothes, school fees, healthcare, etc. Then after that there is diminishing returns (so, any money past that point gives you less happiness the richer you get).
That sounds right to me, because most of us are just trying to get our needs met so we think "of course it brings happiness," and it's always rich people who have the luxury to say that they don't care about it.
!BEER

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it's always rich people who have the luxury to say that they don't care about it.

Exactly. Because they already have money and all they could buy with money is with them so they don't understand what it means to live without meeting those needs. People who do not have money understand well the hurdles that are caused by the lack of money

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Exactly. They ain't bothered anymore, I mean the rich people since they have everything with them but the low or average people will not keep getting happy because they don't have much to meet their needs.

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Definitely you are right. The rich won't even bother about the diminishing returns since they are comfortable already.

Not everyone would be in that position and so, they tend to have a decrease in happiness once the money is less and could not meet their needs again.

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This is why when we got those few payments during corona lockdowns, people were talking about if it would "stimulate the economy" (the same discussion is had about the idea of a Universal Basic Income). And the answer is, if you give the money to poor people it will stimulate the economy because we have needs to spend it on. We'll buy groceries or clothes or pay our bills or whatever that we need, so the money will circulate. But if you give it to people who already have what they need, they'll stuff it in a savings account or something and the money won't circulate.
So all the people who are worried about "the economy" should also be on the side of lifting up poor people to get their needs met!

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This is definitely true. The poor ones should be cared for more than those who already had because they will make it lie in their savings when there are people that need it to settle bills and help live a satisfying life for a while. Thank you ma for your contribution.

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If I say money has nothing to do with happiness, it would be wrong. Money brings the things to our lives that are important for our happiness. However, if I say money is everything for happiness,it is also wrong. Money has its own crucial importance like that of other elements

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You are absolutely correct. Money brings happiness and it does not on the other hand. It's just a factor that causes happiness for us. Thank you ma.

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Money and happiness have this connection, the presence of money can inspire happiness but in some cases where money isn't the key to solving a problem then it because just something in exchange of feeling and not the bringer of happiness.

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You are right. Even if there is money, though in causes happiness but not necessarily mean that it is the bringer of happiness. There are other factors apart from money that brings happiness to every individual.

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Yes my princess, the things that make us happy aren't just all about money. Imagine not having good health and I am rich, the money won't mean anything because the fear of losing one's life suddenly would naturally deprive one of happiness

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That is it! We can only be happy if we want to without linking it to having enough money.

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Money gives temporary happiness..but we can't deny the fact that, we can't live without it nowadays

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You are right. We can't live without money since it provides us with things we need in life which will surely bring happiness for a while and when other problem comes in, we tend to feel sad until we overcome it.

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Money can be equal to happiness if we are able to get what so ever we want at the particular time! Expecially in Nigeria alot of people are sad not because of anything but because they don't have money and once they have money you will see the happiness in their face. My point is just that money and happiness move together it is not easy to be happy all the time without having money and money can't bring happiness all the time and vice versa. you have said it all dear thanks for sharing

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You have a beautiful point here and we need to remember that we won't always be happy even if there is money. There are also things that brings happiness to us apart from money. Thank you for stopping by.

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Yes oo there are lots of things that money can buy as money can not buy life and so on happiness should be free anyways just that the two works together ☺️ I'm so glad you sharing this 🥰 have a good day dear

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This is an amazing piece Princess, money and happiness are truly connected but money can't buy happiness itself...

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Money can´t buy happiness oo even though it gingers happiness in us. Thank you, Balikis.

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It gingers it in a very good way 😁😁... You are welcome dear☺☺

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Those are some good thoughts about money and happiness. I think having money sure helps to make people happy! !CTP

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I agree with everything you said here including the seven factors that makes money not to be the only source of it but I know fully well that in Nigeria as of now money is almost everyone's happiness 😅😅.
Popped in through dreemport

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