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Thursday, April 11, 2024

Can $$$$$$ Buy Happiness?

Can $$$$$$ Buy Happiness?

Can $$$$$$ Buy Happiness?  Surely we are all on the same side and scream NO WAYBUT even philosophers, economists and social scientists have all grappled with this question and recent studies produced results overturning that dominant MYTH that went through centuries.  BUT a recent study in the United States pegged those studies to the financial capabilities of respondents and it showed that when their income did hit $75,000, their joy was leveling out๐Ÿ“—๐Ÿ“™๐Ÿ“˜

This threshold was initially posited in a 2010 study which concluded that 'EMOTIONAL WELL-BEING' also rises with log income BUT there is NO further progress beyond an annual income of $75,000.  BUT that study was most recently overturned by another most recent study which found that HAPPINESS does NOT plateau at all after $75,000 and that 'experienced well-being' can continue to rise with income well beyond $200,000.  To be realistic, that latest research was pitted against earlier studies and adjusted to reflect inflation๐Ÿ“Œ๐Ÿ“Œ๐Ÿ“Œ

Those conflicting studies was interesting enough because each debunked each other BUT ending up with two BIG conclusions, namely:  First, that HAPPINESS continues to rise with income even in the high range of incomes for the vast majority, showing that for many of us, on average having more money can make us increasingly HAPPIER.  BUT the study also found that there was indeed an 'UNHAPPY MINORITY' whose UNHAPPINESS diminishes with rising income up to a certain threshold, then shows NO progress thereafter๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š

Studies showed that people tend to experience negative miseries that typically CAN'T be alleviated by earning more $$$$$$$$.  Apparently, outliers like heartache, bereavement OR clinical depression were triggers of outliers BUT it did NOT alter their conclusions❌❌❌

What's my take here?  Regardless if $$$$ can buy HAPPINESS or not, let us develop that mindset that our HAPPINESS does NOT hinge on $$$$ at all.  If monies will flow in, it's 'manna from heaven' BUT if the coffers have dried up, that should NOT be a trigger to reverse the upswing of our HAPPINESS at all❗❗❗

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