Comment by nvy
2 years ago
Money actually does buy happiness, despite what the wealthy would like you to believe.
It is very likely that yes, he would in fact be happier with an extra 20k a year.
You don't know he'd have a new mustang; that's just you projecting. He might put the extra 20k a year into savings for his kid's education - I know that feeling like I'm setting my kids up for future success makes me happy.
Money buys happiness, up to a point. It's like a pretty linear increase in happiness to some spot somewhere above median income (I forget, something like 1.5x median income). After that, it has very little impact on happiness, if at all.
Supposedly, based on some studies.
Another way to view it is to say poverty buys misery
> Money actually does buy happiness, despite what the wealthy would like you to believe.
Individual happiness and being a good parent (which contributes to breaking the cycle) don't necessarily intersect as much as you think, or at least it's based on the individual.
Some people's happiness is only marginally related to how well their kids are doing (as evident by rise in single-parent households), so the 20k may contribute essentially 0 to the long term solution.
> You don't know he'd have a new mustang; that's just you projecting.
If I don't know, then you don't know either. You're taking the other good extreme and presenting is at fact. The reality is somewhere in the middle.
It's like you didn't read anything I wrote, and then built your own straw man to argue with.
No, I just pointed out that your absolutist statements look ridiculous.
2 replies →
Money can buy happiness, but it isn't a guarantee, and isn't necessarily the most important factor.
Kill Alex's parents, and rape them as a child, addict them to meth, and 20k wont fix that.
This article and data is in desperate need of a Analysis of variance for the different factors.