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April 2012

Money can’t buy happiness Individual Well-being

Money can’t buy happiness

The idea that money brings happiness remains a very popular one, even though the evidence that this is a gross oversimplification of a very complex relationship has been around for a long time. Financial security can, of course, be a key factor in terms of well-being, as poverty and the anxieties it brings can have a very detrimental effect. Money can also buy power in some ways, and power can be important for well-being (just as powerlessness can be a considerable impediment to quality of life). But the idea that money can't buy happiness is well established in classic and popular literature, cinema and drama. In fact, there is a strong argument that a focus on material wealth (whether successful…
Dr Neil Thompson
April 10, 2012