Can Money Buy Happiness?


While many of us go through life
with the persuit of money on our minds, we’re often told that
money can’t buy happiness. But what truth is
there in the saying? Is there a correlation
between money and happiness? And, if so, how can we use
it to our advantage? Humans are very
sensitive to change. When we get a raise or
commission, we really enjoy it. But we adapt at incredible
speeds to our new wealth. Some studies have shown
that in North America, additional income beyond $75.000 a year
ceases to impact day-to-day happiness. In fact, people who win the lottery often
report becoming extremely unhappy. They often end up spending
all the money, going into debt and experience ruined
social relationships. So, surely money can’t
really buy happiness. Well, recent studies suggest that
the problem may actually be in the way we spend money. Instead of buying things for yourself,
try giving some of it to other people and see how you feel. Studies show that people who spend
their money on others feel happier. And while people who
spend it on themselves don’t necessarily become less happy,
their happiness is unchanged. The same principle has been tested
on teams and organizations as well. One experiment showed that
instead of an organization writing a large check to a charity, dividing
the amount up amongst employees and allowing them to contribute
to a charity of their choosing, increased their job satisfaction. Similarly, individuals that spend
monetary incentives on each other, as opposed to themselves,
increase not only job satisfaction, but improve team
performance and sales. This has been seen in both
sales and sports teams. Almost everywhere we look
in the world, we see that giving money or gifts to others is
possitively correlated with happiness. Interestingly, the specific way the
money is spent on others isn’t important. From trivial gifts to major charity
efforts, spending something on others is the important aspect
in increasing your happiness. The emotional rewards of pro-social spending
are even detectable at the neural level. If you are going to spend the money
on yourself, try to go after experiences, as opposed to material things. Traveling or going to an event is more impactful
for the vast majority of people in the long run. And while you’re saving up
for these big experiences, don’t forget about
the daily joys in life. Many small frequent pleasures help
to get you through the days and and encourage change,
which stimulates the brain. Instead of buying a 3,000-dollar rug that provides
a one-time experience for the next 10 years, a 5-dollar latte with friends
will be different each time, offering unique access to
happiness opportunities. Though money is unlikely to be the
main source of happiness in our lives, it certainly has the potential to make some
things easier… and complicate others. But at the end of the day, it can buy
happiness, if spent in the right way. Got a burning question
you want answered? Ask it in the comments or
on facebook and twitter. And subscribe for more
Weekly Science videos.

100 thoughts on “Can Money Buy Happiness?

  1. MONEY WILLL BUY YOU HAPPINESS
    I WONT GIVE MY MONEY TO ANYONE BUT FAMILY. THE WORLD IS A CRUEL WORLD. DO YOU THINK YOU’LL GIVE ME MONEY IN THE STREET TO MAKE ME HAPPY!? I AM OBSESSED WITH MONEY

    MONEY CAN CHANGE YOU NEGATIVES INVOLVING:
    – PEOPLE IMMEDIATELY CHANGE THEIR PERCEPTION ON YOU WHICH IS WRONG
    I WILL MIUSES MY MONEY. I HAVE BEEN RUN OVER BY OTHERS.WHEN MY TIME COMES I WILL BE THE POPULAR ONE, IGNORE THE ONES WHO LEFT ME BEHIND

  2. If money can't buy happiness, and stuff makes you happy (like the laptop I'm using to post this comment), wouldn't that make money buy happiness?

  3. To the people who say money doesn't buy happiness, does it make you less happy? Would you be happier if you had 20 dollars in your bank account or 100k in your bank account

  4. Well that's right , if I was rich nobody would probably notice because I wouldn't buy expensive clothes or iPhone or things like this , I would spend it for travelling

  5. Can i tell you a story?,if no dont read,if yes read: so i was at a hotel and i told my dad we dont need money to be happy he said yes we do i told him you dont need money to be happy he said the rich person i always Happy and the poor person is sad so its been on my head for alot and i cried becuse every fight between my dad and my mom is because money so when i thought about it it made me cry im crying while typing Pls help

  6. What if the world only had two-wheeler vehicles like motorbikes and scooters and cars and trucks were never invented?

  7. Ok, so here's my burning question I want you to answer. Why is it that when I think I'm gonna enjoy something, I don't, and vice versa? Anyone relate?

  8. If you have money it does give you happinesses because if you are rich you can do things that'll make you happy such as be able to purchase whatever type of food you want.

  9. They say money can’t buy happiness but being poor can’t not even rented.. Also as money doesn’t bring you happiness go ahead and try to leave without it.

  10. Money cant buy happiness?
    I always get happy when i help people,ice cream
    Take this an example:
    "Your mother is about to die because you dont have the money". Your good friend gave you enough money for the bills, what will you feel? Happy right, you are not gonna say "eww money? They cannot buy happiness its worthless my mother is dying"

  11. 60% CANADIAN MONEY!!
    25%Money cant buy happiness but
    Can cause happiness
    15%money can buy happiness
    I buy food and it makes me happy

  12. I find it funny how edgelords in the comments will argue against actual data because they personally can't see how more money after 75k can't make someone happier.
    .

  13. Satan the deceiver made money.
    Of couse people will be deceived with money. No one can be deceived with moneyless ask and receive.

  14. Money can buy happiness you can get anything you want what kind of idiot think that money doesn't buy happiness with money you can get ps3 ps4 stuff like that if you want to get something you want but it costs so money do buy you happiness

  15. I know plenty of rich people that are unhappy. The high of being able to buy a lot of nice things goes away QUICK!

  16. “Money can’t buy happiness” is only a saying that poor people use to make themselves feel better. As long as you spend the money the right way, then it CAN buy you happiness.

  17. Being rich doesn't give you much meaning to life that's why rich people are the most depressed people who have a sufficient amount of money or people who are poor can also become depressed. Some people are depressed because they suffer from a condition or addiction and others are depressed because they're lonely

  18. Low amout of money make u Happy because u can’t just buy anything and then u have goals u have complete to get some experience things plus u can dream of having things and there goals to complete to get staff

  19. "Money cang buy you happiness"
    Ok, so… let me take all your moneh away, were yoh happier with it or without it? Now that your homless and starving, how happy are you?

  20. It's love that can make a person happy not money because money just buys u material things which r pointless eitherways tho lol.

  21. Money can buy happiness for a temporary moment
    I wanted an Audi for a long time and finnally got one, after driving it for a while
    You tell yourself what’s next and next?
    Never stops

    Main thing in life my elders taught me was spend social time with others and communicate.

  22. When you buy a 10 million dollar house, a 3 million dollar car and the most expensive jewelry, clothing and useless materialistic bullshit you don't have a right to complain about how being rich didn't make you happy. Money DOES bring you happiness IF you spend it wisely and use it to help you and others you

  23. This is bullshit. Duh, all rich people give some money to others to make them feel good. Bill Gates, Jeff Bezos, Mark Zuckerberg. They all do it or their rich friends think they’re assholes and you can’t have that. Money buys happiness EVEN if you don’t give it away. Not having to work, having ALL the free time you want, no job, no boss, buy whatever you need. It would take many years for you to get used to it

  24. well i will say sometimes but money isnt the root to evil it was created because of evil so it was a go to source for fairness its a divine source and it does unlock happiness but gathering it up or misusing it maybe beneficial on the goal to happiness there are rules and regulations

  25. The KEY is Own A lot of Money, but never let Money Own YOU.

    Money makes some people happy, it makes others unhappy.

    There's never one answer for everyone.

  26. Money made my childhood lit, when it came to Transformers (Toys, games, and my first theater experience: DOTM), a PlayStation 3, Nintendo DS’s, and etc…, but that’s just my opinion 🤷🏿‍♂️😃.

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