Some argue money increases happiness by reducing stress and providing convenience. It was found that spending on time-saving services, such as hiring a cleaner, led to greater life satisfaction. A study of 6,000 adults across multiple countries showed those who made such purchases reported 23% higher happiness levels (Knapton, 2017). This suggests that money helps people avoid improve their daily life. While financial resources provide comfort, they do not ensure lasting happiness.

Research shows wealth has diminishing returns on happiness. Penec (2014) highlights that despite rising wealth in Western nations, happiness levels have remained unchanged for 50 years. People quickly adapt to improved circumstances and desire more, making financial gains only temporarily satisfying. Additionally, happiness is relative - people prefer earning less if it means their colleagues earn less. Another study argues that once basic needs are met, money has little impact compared to relationships and personal experiences (Futrelle, 2014). Studies show people with five or more close friends are significantly happier, reinforcing that social connections matter more than wealth.

While money provides comfort, it does not create lasting happiness. Research shows people adapt to wealth, compare themselves to others, and ultimately find greater joy in relationships and experiences, rather than money. In the future this is unlikely to change. Therefore, this essay argues true happiness cannot be bought.

Some believe that money can bring happiness. To support this, Penec (2014) and Futrelle (2014) However, Others counter that having money by itself does not equate to actual happiness. Personal fulfilment, solid relationships, and emotional health are frequently more significant than financial success. Many affluent people still suffer from loneliness, stress, or discontent. 

Although having money can relieve financial stress, it does not ensure a happy existence. Rather than material belongings, meaningful experiences, love, and personal development are frequently the sources of happiness. 

In the end, long-term satisfaction is more influenced by emotional ties and individual accomplishments than by financial stability. Wealth alone cannot bring true fulfilment one must also look within. 

   While money can provide comfort and security, it doesn't bring lasting joy or emotional well-being. Happiness is about love, connections, and inner peace, which can't be purchased. According to Penec (2014) has mentioned that if you live in uncomfortable place for example such as broken family which can give you an anxiety even if you have a billion dollar in your hand that not worth it.

   Beyond the ability to pay your bills, happiness is a state of mind that is short-lived when you base it on physical objects and the numbers in an investment portfolio. As cited in Knapton (2017) second point highlighted that having money allows people to stay away from stressful and unpleasant situations. Spending money on time-saving items, such a dishwasher, increased life satisfaction by 23%. The advantages of purchasing leisure time were not limited to the wealthy; they extended to people of all economic levels.

   Money can enhance happiness by reducing stress and improving quality of life, as Knapton (2017) suggests. However, as Penec (2014) argues, true happiness comes from relationships and emotional well-being, not wealth alone. While money provides comfort, lasting joy comes from meaningful connections and inner fulfilment.

Money has so many privileges that make a person’s life easier, an example of this is hiring people to do your chores for you, a study has been done on 6,000 adults in Canada, Denmark, US, and the Netherlands all stating that money has made them happier by making their lives easier Knapton (2017). Furthermore, money allows people to have whatever they want whenever they want, fulfilling their shot-time wants. Not to mention money reduces stress by 23% because ot allows people to access timesaving purchases like dishwashers, which increases satisfaction Knapton (2017). Money gets you whatever you want to make your life easier, saving you time to do things you genuinely enjoy. Money has so many benefits and privileges, however money doesn’t last forever.

A person will always want more, the money they obtain today won’t be enough tomorrow, and what happens of the money isn’t there anymore? Will a person’s happiness go away too? The fact of the matter is that for a person to genuine feel happy and fulfilled all they need is to have their basic needs met, all other things are materialistic and won’t last forever Futrelle (2014). Happiness doesn’t increase the more income does, as it is human nature to always demand more, this will only lead to chasing more money taking away from a person’s peace of mind as they will be thinking about money, instead of enjoying what they currently have Penec (2014). Studies have been done that prove that people with a close circle of up to 5 friends have reported feeling “very happy”, the key to happiness is having friends and family that appreciate you, people you can connect with. Furthermore, there are other factors that impact a person’s happiness, like the environment there in, the people they surround themselves by, and their level of stress Penec (2014). Happiness isn’t measured by how much a person has, but rather how much a person feels, money won’t have an impact on emotion whereas people, and situations do Penec (2014).

Although money has pervilleines that make life easier, it has no direct impact to life satisfaction or happiness. As previously mentioned by Knapton (2017), money reduces negative and stressful experiences, it is important to note that money doesn’t grant happiness, it just helps you meet basic needs. Furthermore, studies conducted have proved that people would rather earn lees if their colleagues got less, rather than more, if money impacted happiness that would not be the result of the study Penec (2014), Futrelle (2014). Even if people make more money than they do in the future, it will still have no impact on their level happiness.

Pence (2014) and Futrelle (2014) agree that after basic needs are met, money’s impact on happiness is limited. Pence argues that happiness is often based on comparing yourself to others, and people care more about earning more than their peers. Futrelle adds that relationships and experiences bring more happiness than material, for example, having close friends makes people feel happier than owning expensive items.

In conclusion, while money can contribute to happiness in some ways, it is noting the sole factor, as highlighted by Pence (2014) and Futrelle (2014), money helps meet basic needs and can improv well-being when used to reduce stress. People may find that true happiness comes not just from wealth, but from building meaningful relationships and enjoying positive experiences. Therefore, while money can buy comfort, it’s other aspects of life that truly create happiness.

Some research shows that money can make people happier. Knapton (2017) found that spending money on things that save time like hiring a cleaner or using a dishwasher makes life easier. A study with 6,000 adults showed that people who spent money this way were 23% happier. This is because they had less stress and more free time. This shows that money can help improve life if used wisely.

However, other studies say that money does not bring lasting happiness. Penec (2014) found that even though people in rich countries have more money than before, they are not happier. This is because people always want more, and they compare themselves to others. Instead of feeling happy, they keep looking for the next thing to buy. Also, things like stress and where you live affect happiness more than money.

Futrelle (2014) also says that after people have enough money for basic needs, more money does not make them happier. Instead, having good friends and family is more important. His study showed that people with five or more close friends were much happier than those without. This means that happiness comes more from relationships than from money.

In conclusion, money can make life easier, but it does not bring true happiness. People quickly get used to having more money and then want even more. In the end, strong relationships, experiences, and personal happiness matter more than wealth.

Knapton (2017) argues that money does, in fact, buy happiness, suggesting that financial security can provide people with the freedom to pursue their desires, reduce stress, and improve overall well-being. According to Knapton, having enough money allows individuals to focus on their personal goals, create positive experiences, and invest in things that enhance their quality of life, such as travel, hobbies, and health. This perspective highlights that money can alleviate burdens and provide opportunities that contribute to a more fulfilling life

On the other hand, Penec (2014) and Futrelle (2014) contend that money does not lead to lasting happiness. Penec argues that while money may provide short-term pleasure, it does not create long-term contentment, as people often adapt to higher levels of wealth without feeling more satisfied. Similarly, Futrelle claims that beyond a certain point, additional wealth does not improve one’s emotional or psychological well-being. Both experts emphasize the importance of non-material factors such as meaningful relationships, personal achievements, and emotional health in fostering genuine happiness.

In conclusion, while money can provide comfort and security, it cannot buy true happiness. Lasting happiness comes from meaningful relationships, personal fulfillment, and a sense of purpose. Money plays a role, but it is not the key to lasting joy.