This article, titled “Money does buy happiness, and for one group of people, top economists say the limit does not exist,” written by Ani Freedman, discusses the findings of a 2023 study explaining that, contrary to the popular saying “money can’t buy happiness,” happiness and wealth are in fact related. To me, this makes sense: people work as a means to an end; they earn money to feed themselves and to have disposable income for the things they desire. As a result, wealthier individuals can afford more of the activities and experiences they want. I wonder how knowing this fact should affect our approach to the ethics of money and happiness. Considering utilitarianism, does the study indicate a linear relationship…
In this article, it explores the question of whether or not money can "buy" happiness. They conducted a study where they did a daily survey of 1,000 U.S. residents and they found some correlations with money and happiness. The participants were separated into three different groups, least happy, middle-range happy, and most happy. The least happy group was found that happiness rose with income until $100,000 and then it plateaued. In the middle-range happy group, they found that happiness grew with income continuously. In the most happy group, they found that happiness rose and accelerated once it passed $100,000. Generally, more money typically makes a person happier. However, there is a group where this does not apply and it is…
For my third blog comment I went to the inequality section and picked "Will Money Bring You Happiness," by Sintia Radu. Not only the image for this article caught my attention, the title itself too. It is an interesting topic that many people have different views on.
In this article, two economists decided to formulate a test to see the connection between money and happiness. They both had two results, "happiness increases with income up until $75,000," in 2010 and the other result "happiness increased alongside income with no limit" in 2021. For 2023 it resulted if there was a limit to the amount of money that can bring happiness. Their study showed that based on how happy money can…
For my TeachEconomicsBlog Comment #3, I decided to read the article “Will Money Ever Bring You Happiness”by Sintia Radu. This article discusses the million-dollar question that everyone has had and it is if money can truly bring you happiness. For me personally I have always said that money can allow you to do the things you like to do such as travel, which would make me happy, this means that to me money can bring you happiness. After reading the article, it stated that money only brings poor people happiness as they need it to survive while wealthy people value healthy relationships with family or friends more. This makes sense because the rich are used to having money, so they…
The title "Will Money Ever Bring You Happiness", caught my eye right as I was scrolling to find my third TeachEcoKnowmis Blog Comment. I have always thought about this question, but never dug too deep into informing myself more about the topic. The article by Sintia Radu, was very interesting, as she explains how happiness is a complicated concept. Throughout the article and through living in this life, happiness is defined as many different things to every human being. According to this article money can bring more happiness to poor people, as wealth makes them happy. A smaller amount of money can cover a poorer person's basic needs, which really helps them greatly, in just surviving and being able t…
This article, titled “Money does buy happiness, and for one group of people, top economists say the limit does not exist,” written by Ani Freedman, discusses the findings of a 2023 study explaining that, contrary to the popular saying “money can’t buy happiness,” happiness and wealth are in fact related. To me, this makes sense: people work as a means to an end; they earn money to feed themselves and to have disposable income for the things they desire. As a result, wealthier individuals can afford more of the activities and experiences they want. I wonder how knowing this fact should affect our approach to the ethics of money and happiness. Considering utilitarianism, does the study indicate a linear relationship…
In this article, it explores the question of whether or not money can "buy" happiness. They conducted a study where they did a daily survey of 1,000 U.S. residents and they found some correlations with money and happiness. The participants were separated into three different groups, least happy, middle-range happy, and most happy. The least happy group was found that happiness rose with income until $100,000 and then it plateaued. In the middle-range happy group, they found that happiness grew with income continuously. In the most happy group, they found that happiness rose and accelerated once it passed $100,000. Generally, more money typically makes a person happier. However, there is a group where this does not apply and it is…
For my third blog comment I went to the inequality section and picked "Will Money Bring You Happiness," by Sintia Radu. Not only the image for this article caught my attention, the title itself too. It is an interesting topic that many people have different views on.
In this article, two economists decided to formulate a test to see the connection between money and happiness. They both had two results, "happiness increases with income up until $75,000," in 2010 and the other result "happiness increased alongside income with no limit" in 2021. For 2023 it resulted if there was a limit to the amount of money that can bring happiness. Their study showed that based on how happy money can…
For my TeachEconomicsBlog Comment #3, I decided to read the article “Will Money Ever Bring You Happiness” by Sintia Radu. This article discusses the million-dollar question that everyone has had and it is if money can truly bring you happiness. For me personally I have always said that money can allow you to do the things you like to do such as travel, which would make me happy, this means that to me money can bring you happiness. After reading the article, it stated that money only brings poor people happiness as they need it to survive while wealthy people value healthy relationships with family or friends more. This makes sense because the rich are used to having money, so they…
The title "Will Money Ever Bring You Happiness", caught my eye right as I was scrolling to find my third TeachEcoKnowmis Blog Comment. I have always thought about this question, but never dug too deep into informing myself more about the topic. The article by Sintia Radu, was very interesting, as she explains how happiness is a complicated concept. Throughout the article and through living in this life, happiness is defined as many different things to every human being. According to this article money can bring more happiness to poor people, as wealth makes them happy. A smaller amount of money can cover a poorer person's basic needs, which really helps them greatly, in just surviving and being able t…