Explain the relationship between wealth and happiness
What will be an ideal response?
Answer:
In general, it appears that for those who have enough money to provide for their basic needs additional wealth does not increase happiness. However, for people who are struggling financially to put food on the table or pay for shelter, happiness is increased when money is available to meet these needs. There is not a linear positive relationship. In studies of various nations, there is not a clear relationship between those who have the highest income and their social prosperity or positive feelings.
Indeed, wealth seems to be related to happiness not in terms of an absolute value, but rather in relative terms. Compared to others how much do we have has more meaning than simply having wealth.
You might also like to view...
Which of the following is NOT considered one the three stages of children's psychosocial development?
A) Heterosociality B) Autosociality C) Bisociality D) Homosociality
In the U.S., the majority of incarcerated juveniles are in either ______________ or ______________
A) secure training schools; detention centers B) group homes; boot camps C) detention centers; shelters D) boot camps; secure training schools