Can money buy happiness? New studies are surprising: the answer is yes

Eliezer the Lion
May 25, 2016   
Countless articles, lectures, and books have been written to prove that there is no connection between happiness and material and cheap money. But new studies prove otherwise: money satisfies most of our psychological needs and is a direct factor in our level of happiness.
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Can money buy happiness? Thousands of books, articles, poems, and lectures answer this question in the negative.

Happiness, all experts agree, comes from higher, less material elements.

But studies, it turns out, reveal different results.

A new study, cited on the Mako website, and conducted by psychologists Mika Lohmann of the University of Cologne and Louise Hockley of the University of Chicago, shows how almost inextricable this psychological connection is: money is not only a protector against poverty and destitution, and the means by which we put food in our mouths and heat our homes in the winter, it provides us with most of the psychological needs we need.

According to the study, the higher the income, the lower the chance of experiencing loneliness.

The two psychologists conducted a large-scale study that showed that money cushions life with happiness. It doesn't guarantee life satisfaction, but it's a bit like buying a car with all the safety features. So yes, it doesn't guarantee that you won't have accidents, but it will protect you much better than any other car.

So why do we still boast about our lack of desire for cash?

It should be noted that there is quite a bit of criticism of this type of research. According to the critics, the external circumstances of our lives, including our financial circumstances, do not necessarily affect our level of happiness.


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