The Complex Relationship Between Money and Happiness

Money has a nuanced relationship with happiness, primarily acting as a means to eliminate misery rather than directly fostering happiness. For individuals struggling to meet basic needs like food and shelter, financial resources significantly improve their quality of life by addressing immediate discomforts. However, studies indicate that after a certain income threshold, often cited as around $70,000, the additional emotional benefits derived from extra income diminish considerably. This suggests that while money can alleviate struggles, it does not necessarily correlate with higher levels of day-to-day happiness once basic needs are met.