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…
For my third TeachEcoknowmics Blog Comment, I chose to read the article "Will Money Ever Bring You Happiness" by Sintia Radu. In this article, it is discussed whether or not money is really people's source of happiness. Prior to reading this article, I believed that there is no real answer to this question because I think that different people would have different opinions, therefore, some people may believe money can bring them happiness while other disagree. After reading the text, the statement "economists believe the poorer the people, the happier wealth makes them[.] Yet in wealthier, more developed countries the situation is far more complex" agreed with my original thoughts. Money means so much more to those who are not…
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…
For my third TeachEcoknowmics Blog Comment, I chose to read the article "Will Money Ever Bring You Happiness" by Sintia Radu. In this article, it is discussed whether or not money is really people's source of happiness. Prior to reading this article, I believed that there is no real answer to this question because I think that different people would have different opinions, therefore, some people may believe money can bring them happiness while other disagree. After reading the text, the statement "economists believe the poorer the people, the happier wealth makes them[.] Yet in wealthier, more developed countries the situation is far more complex" agreed with my original thoughts. Money means so much more to those who are not…