Does Money Bring Happiness? Watch

العبقري
Badges: 2
Rep:
?
#1
Report Thread starter 9 months ago
#1
Writing a debate against the statement 'money brings happiness' any ideas?
0
reply
04MR17
  • Community Assistant
Badges: 22
Rep:
?
#2
Report 9 months ago
#2
https://www.thestudentroom.co.uk/sho....php?t=5222872
0
reply
04MR17
  • Community Assistant
Badges: 22
Rep:
?
#3
Report 9 months ago
#3
(Original post by العبقري)
Seen this one... not too helpful.
Depends how you're using it. Use the ideas brought forward as a spring-board into your own opinion.
0
reply
username3832246
Badges: 17
Rep:
?
#4
Report 9 months ago
#4
Only until you earn 40-50k.
2
reply
Acsel
  • Community Assistant
Badges: 20
Rep:
?
#5
Report 9 months ago
#5
(Original post by العبقري)
Seen this one... not too helpful.
Not really sure what you're after then, I was going to suggest the same thread 04MR17 posted and counted at least 10 different issues that you could write entire essays on.

What ideas do you have so far? Even though you've just been handed enough arguments to write about, TSR is not a place for free help. What have you done so far and if for some reason the various points raised in that thread are somehow inadequate what are you actually looking for?
0
reply
العبقري
Badges: 2
Rep:
?
#6
Report Thread starter 9 months ago
#6
I've read several articles by the BBC and other major newspapers and they suggest money brings temporary satisfaction, happiness may come from that but 'money doesn't grow on trees!' I've read the recommended thread yet most people are making comments like 'it buys whiskey!'

I came on TSR for the first time today to ask for advice not 'free help' as said by Acsel.

If you have any ideas do share
0
reply
Acsel
  • Community Assistant
Badges: 20
Rep:
?
#7
Report 9 months ago
#7
(Original post by العبقري)
If you have any ideas do share
Everything below is from the linked thread, with examples thrown in for clarity (and no mention of whiskey):

Money lets you buy things that bring you joy or entertainment (e.g. a holiday)
Money lets you buy necessities (e.g. buying food and paying rent, I'm sure plenty of homeless people would be happy for that)
Money lets you buy things that reduce stress (e.g. a cleaner, or insurance)
Money introduces a different set of financial worries (e.g. losing the money, it it enough)
Most life problems can be solved by throwing enough money at the problem (e.g. anything from having somewhere to live and a way to get to work to health complications)
A lack of money is likely to bring worry and stress, so logically having money at least removes those issues, although it can introduce others
Happiness as a product is not something that can be purchased. If you buy a car, or a holiday those things make you happy. Few people are happy with money alone, it is the spending that makes them happy
Money brings freedom (e.g. you don't need a job, you can travel often, etc.)
Giving money away (charity) brings happiness

Those are all the immediately obvious points, without considering "it buys whiskey" and without further examining many of the posts deeply. Furthermore "money" is a subjective term. A £5 note probably doesn't bring happiness to a billionaire but it brings happiness to the poorest poor. A minimum wage job that pays the bills might not bring happiness, but that money would bring happiness to someone out of work. And so on
1
reply
fallen_acorns
Badges: 20
Rep:
?
#8
Report 9 months ago
#8
yes to a point

Enough money to meet your basic personal needs and expectations, will have an impact on your happiness.

Those needs are self-identified though, and not universal. They often come from your early childhoods perspective of what makes up a good life. They normally either match your parents wealth (if you were satisfied back then) or match the perceived wealth of other families around you (if you were not satisfied)

Above that level brings no more happiness. It may give a temporary boost for a while, but it won't change your long term happiness. (there are great studies about lottery winners which give good evidence to this)

So for example. A lower-middle class person from the UK may have their level of basic perceived needs at around £25k. Less then that will effect their happiness.. reach that and they have what they need.. more then that, and it won't effect their happiness.

An upper class person's basic perceived needs may be 200k per year. If you give them £50. they will be deeply unhappy and quickly get depressed and feel trapped. Give them 1 million, and they wont be happier then if they had 200k though.

Here in China where I live many families would be delighted with £6k a year, less then that would effect them. more would not. etc.

Its all about your perceived base requirements. the minimum you think that you need to live a 'comfortable' life on.

---

I would say that makes it a hard debate, if you are forced into a binary yes/no answer.. because neither side will be able to fully convince the other.

The 'yes it makes you happier' - will skew heavily towards focusing on peoples needs under my 'base level of happiness', looking at poverty/homelessness etc. and they will be right.

The 'no it does not make you happier' - will skew towards evidence that sudden increases in wealth do not bring long-term happiness, and over your basic needs, happiness is not more prevalent in the richer classes then the middle classes.
0
reply
paul514
Badges: 21
Rep:
?
#9
Report 9 months ago
#9
(Original post by العبقري)
Writing a debate against the statement 'money brings happiness' any ideas?
It’s as simple as this.

Money buys you more choices and if you select the right choices for yourself you can be content. Happiness is a short term emotion.
Posted on the TSR App. Download from Apple or Google Play
0
reply
TSR_Is_A_Joke
Badges: 2
Rep:
?
#10
Report 9 months ago
#10
This is subjective. Depends entirely on the person in question.
0
reply
Princepieman
Badges: 21
Rep:
?
#11
Report 9 months ago
#11
(Original post by العبقري)
Writing a debate against the statement 'money brings happiness' any ideas?
Money is just a tool. Once your basic needs are met and once you have a modicum of disposable income that far outpaces what you'd require to satisfy any basic "wants", any incremental amount has diminishing returns.

Aka, once you can pay all your bills, not sweat the price of everyday things, can take holidays/go on dates/pursue hobbies and buy the odd luxury/high quality thing every now and then anything else basically just goes to savings. Which, once you've become financially independent - where 3-4% of withdrawal on your savings can cover your expenses, the extra money is just to keep score.

So yes, money can lead to a strong foundation whereby you can then pursue happiness but it doesn't lead to happiness in and of itself. That, is more about how content you are in life and the strength of your relationships.

Posted from TSR Mobile
1
reply
DJKL
Badges: 17
Rep:
?
#12
Report 9 months ago
#12
Anyone who has had to sit through endless meetings with lawyers, accountants and financial advisers discussing preserving the wealth they have accumulated, might sometimes question if it is really worth having or is wealth, at times, a burden placing excess demands on their sanity.

There is a sweet spot, different for every individual, whilst i might wish each of my children to say inherit £1 million i am really not sure if I would say the same if it were £10 million and I can certainly say I would probably not wish them to be burdened with £100 million.
0
reply
username3079870
Badges: 19
Rep:
?
#13
Report 9 months ago
#13
(Original post by العبقري)
Writing a debate against the statement 'money brings happiness' any ideas?
It's not a "Yes/no" answer.

What I would say, as others have alluded to is that the correlation between money and happiness doesn't exist beyond a certain point, as demonstrated by the graph here:

https://www.inc.com/quora/money-wont...-accordin.html

Basically, once people have a certain amount of money to be comfortable, to not have to worry about unpayable debt or starving from lack of money etc... more money beyond that point doesn't' make them any happier.
0
reply
rudic990
Badges: 3
Rep:
?
#14
Report 9 months ago
#14
Money reduces stress, its hard to be happy with stress in your life!
0
reply
paul514
Badges: 21
Rep:
?
#15
Report 9 months ago
#15
(Original post by rudic990)
Money reduces stress, its hard to be happy with stress in your life!
No it doesn’t
Posted on the TSR App. Download from Apple or Google Play
0
reply
lizolove
Badges: 19
Rep:
?
#16
Report 9 months ago
#16
(Original post by العبقري)
Writing a debate against the statement 'money brings happiness' any ideas?
I think the question focuses around the stresses that life involves in light of not having money - struggling to pay bills, rent, bringing up children, working in stressful jobs trying to get promotions - and how this can affect your mood and ultimately your relationships.

When you think about what makes people happy, it'll differ per person, although the majority will probably say it involves spending time with loved ones and being able to do/buy what they want (e.g. go on holiday). If you have money, often, you can afford to work less, and do these sort of things more, and arguably, that should make you more happy.

BUT, if you look at it from an isolated perspective (does money make you happy) in a strict sense (money = happiness) - you could argue otherwise. If you don't have the pre-requisite things that people say make them happy (e.g. family, friends) then is it possible to buy happiness? You would probably argue not because material items will occupy us for a time, but only to a certain point, and then they will cease to make us happy, and greed may set in to make us want more (greater and better) things.

If you're well off and you don't have friends/family, you may find people form relationships with you simply because you have money, and the relationships aren't genuine and/or don't offer anything to you (i.e. somebody who cares/will help you) but merely is a face to access your wealth.
0
reply
rudic990
Badges: 3
Rep:
?
#17
Report 9 months ago
#17
(Original post by paul514)
No it doesn’t
Intrigued why you think it doesn't...
0
reply
Xopher_
Badges: 20
Rep:
?
#18
Report 9 months ago
#18
Depends how much you earn. I'm working minimum wage and all of my friends don't have jobs, therefore I'm rich to them. However if I compare myself to my work colleagues, I'm poor as hell.
0
reply
Rabbit2
Badges: 17
Rep:
?
#19
Report 9 months ago
#19
(Original post by العبقري)
Writing a debate against the statement 'money brings happiness' any ideas?
Ok, something like 57% of marriages in the west end in divorce According to surveys, something like 37% of the remaining 43% of marriages have at least one partner who "would leave the marriage if they could". Usually, the reason they cannot, is finances. This partner is often the female, but sometimes the male. In western society, the woman usually ends up with the kids (particularly if they are small). The woman has to cope with earning a living for herself and her kids, with little if any help from the father. Women tend to go through school, with the mindset : "Oh, i'm going to get married, have kids, and be a housewife. That is a fine ambition, but may not work long term. Reportedly, over 87% of really serious arguments between married couples are over finances. Often the arguments involve not only allocating resources, but also the inability of at least one of the partners to manage money People in western society are generally NOT taught how to manage money. Witness the millions of people who are heavily in debt. Debt that they cannot pay off. I don't agree that money always brings happiness, but it certainly helps out should someone lose their job, or some other calamity ensue. Also, you cannot buy enough insurance to support a non-working spouse, with children, for the rest of her life. You do not have enough money to pay the premiums on that size of a policy. A woman with two small children, who does not work, will need about $8,000 a month (at a minimum) for a minimalist living standard, for at least 40 years, to take her to retirement. Figure the premiums you would have to pay to buy that sized policy. It's unworkable. A woman who can pull in $60,000 to $70,000 a year, is in a lot better position than one working as a waitress. The South Dakota School of Mines, [www.sdsmt.edu] reports that the average starting salary earned by their electrical engineering graduates last year was $64,600 that is £45,200.62 GBP in 'real' money. Most waitresses don't make half that here. Cheers.
0
reply
nathanclith1
Badges: 3
Rep:
?
#20
Report 9 months ago
#20
Money definately doesnt bring happiness, I'm broke and the happiest person I know - just do the things you love while you're young, money can wait
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Do you give blood?

Yes (69)
7.96%
I used to but I don't now (24)
2.77%
No, but I want to start (320)
36.91%
No, I am unable to (220)
25.37%
No, I chose not to (234)
26.99%

Watched Threads

View All