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More To Life Than Money, Is It True Let’s See The Facts

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more to life than money

More To Life Than Money, Is It True Let’s See The Facts: According to conventional wisdom, “you can’t buy happiness with money.” According to a well-known 2010 study, those who earn at least $75,000 a year are happier than those who are earning less than that amount.

However, a new study from the Wharton School of the University of Pennsylvania shows that people’s well-being increases with their income, even if they earn more than $75,000 per year.

More To Life Than Money, Is It True Let’s See The Facts

more to life than money

Researches

There is studies human happiness, said in a release that money gives people autonomy to choose how they live their lives.

Emotional well-being and overall life satisfaction are taken into account by researchers. When assessing people’s happiness in research.

That means “continued economic growth in the decades ahead. May still be capable of improving people’s well-being,” he says.

In Light Of This Discovery, How Is It So Different From Previous Studies?

People’s overall happiness has been the focus of previous studies on the relationship between money and happiness. This relies on people’s ability for “accurately remember how they felt across. The various moments of the past. Also then accurately integrate those memories into a single estimate.

This study, on the other hand. Focused on people’s experiences of well-being and their evaluations of their lives. When they take a moment to pause and think (evaluative well-being).

A person’s level of contentment is influenced by a variety of factors. And income is only one of them. There is no suspicion that money is an important factor. In determining how well a person’s life is going, he said in a press release.

It’s true that there are many things other than money that can make someone happy. Other studies have found that happiness is largely a function of social relationships and connections.

We also need to think about the way our work and earnings fit into our own definitions of success. Wharton researchers asked, “To what extent do you think money is indicative of success in your personal and professional life?” They were less content with their lives if they equated money with success.

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