Does money buy happiness?
Does money buy happiness? That is a difficult question to answer, but an interesting one for sure. For example, even if money does not buy happiness, some people might think that it actually does for them or say that yes, money means happiness for them, which is a subjective experience (and that cannot be refuted). For sure, we need money to survive and do many of the things we like.
Research has suggested that once people have sufficient money to fulfill their basic needs, like being able to put food on the table, pay their bills, and other basic aspects of living, the linear positive relation between money and happiness does not really hold. That is, people who are already more or less well off financially, do not necessarily become happier just because their income may have increased. In addition to this, research suggests that people might be more inclined to prefer (be happier or more satisfied) to spend money on good or exciting experiences (like trips) than on material objects (like phones, and cars).
Having said this, some people spend most of their lives working with a focus on earning as much money as possible so that they spend it when they retire (which could or could not occur). In the meantime, they might be missing some of the good stuff about life, like being present or in the moment.