Our society values money. Whole sections in newspapers are devoted to it, and our politicians are always promising to get us more. Because of this, many of us believe that money will bring happiness. But the research indicates that it isn’t so clear cut.
Of course, money is essential when it comes to meeting our basic needs for food, shelter, and safety. Without that, our wellbeing is severely impacted. But does more money automatically increase our satisfaction with our lives? Is it true, as the Gallup Organization argues, that the more money we have, the happier we are? Some researchers argue that the ways we spend money matters. All in all, the relationship between money and wellbeing may be more nuanced than we think!