The belief that money does bring happiness argues that if a person has wealth, they can avoid doing activities that are generally disliked, such as cleaning, working, and more. Knapton (2017) cites a study conducted with 6,000 people who found that buying services such as a cleaner made people happier. Furthermore, it was also found that people with large amounts of money can buy themselves more free time, avoiding more negative experiences. (Knapton, 2017) This evidence proposes that money can buy happiness.

Although, you can also argue that money does not buy happiness. As stated by Penec (2014) although there has been a significant increase in wealth in Western countries, but there has been no increase in happiness. This supports the argument that being richer does not necessarily mean that a person will be happier. Additionally, other factors play into happiness. This is supported by Futrelle (2014), who states that having experiences is more important than owning material possessions. This provides evidence for the argument that money does not buy happiness.

In conclusion, for the argument of whether money can or can not buy happiness. The evidence suggests that other factors such as experiences appear to be more important for happiness.

Based on Knapton (2017), his research showed that money is often used to outsource tedious household task which allowed for people to invest their time in something more pleasurable. He claims that people who have the luxury of resources usually use it to purchase quality of life upgrades that save time such as dishwashers have a report of 23% increased happiness. This shows that outsourcing tedious task and buying freedom of time is a contributing factor to the happiness obtained from money. (Knapton 2017)

Despite that, Penec (2014) argues that even after 50 years of increase in wealth in Western nations there hasn’t been any proof of increased happiness levels. It is further solidified by Futrelle (2014) as he states that money only satisfy the fundamental needs of humans. Experiences and meaningful relationships prove to have a larger effect on people’s happiness. (Futrelle 2014). Happiness is mostly derived from one’s environment and other factors as when people get used to a certain luxury they will often desire more. This shows that money only satisfies people temporarily as it’s rare that people are unsatisfied with companionship with meaningful people such as friends and family (Penec 2014)

In conclusion, lifelong happiness is not something that can be satisfied by materialistic gain but meaningful experiences and camaraderie. Thus, proving money cannot buy lifelong happiness.

Money can enhance happiness in practical ways. Knapton (2017) found that using money to buy free time, such as hiring a cleaner, increases life satisfaction. Additionally, money helps avoid stress, with timesaving purchases like dishwashers boosting happiness by 23%. These benefits suggest money can improve daily life. However, this view ignores the diminishing returns of wealth on happiness once basic needs are met.

Despite these benefits, money’s role in happiness is limited. Penec (2014) notes that despite economic growth, happiness levels in Western nations have not risen as people adapt to wealth and compare themselves to others. For example, studies show people prefer earning less if peers earn even less, highlighting the role of social comparison. Futrelle (2014) adds that family, friends, and experiences, not money, are key to happiness. People with five or more close friends are more likely to report being "very happy," underscoring the importance of relationships over income.

In conclusion, while money can reduce stress and improve daily life, it cannot guarantee lasting happiness. True fulfillment comes from relationships, experiences, and well-being that transcend financial wealth. By prioritising these factors, individuals can achieve deeper, more sustainable happiness.

   Money can make life more convenient by buying time. A study of 6000 adult participants in the US, Canada, Denmark and the Netherlands has concluded that when the participants bought cleaners or outsourced unpleasant chores made them happier (Knaplon, 2017). Additionally, money can relieve stress and negative experiences. Knapton backed up this claim by stating that timesaving purchases, like dishwashers, are reported to make people have a 23% greater life satisfaction (Knaplon, 2017).

Although we cannot ignore the time money could save, it isn’t the only factor that effects happiness. One of these factors could be family and friends, A recent study showed that people have reported themselves as “very happy” if they have five or more close friends or family (Futrelle, 2014). Additionally, Penec (2014) has noticed that happiness could also be linked to the environmental conditions or stress levels.

In conclusion, money can be used to save time by buying services like cleaning or timesaving purchases like the dishwasher. On the other hand, money isn’t the only factor that effects happiness, stress levels or family could play a role. We cannot live without money, but it can’t determine happiness on its own

Money can help to be material rich and make one cheerful and great. According to Knapton (2017), it is reported that life satisfaction of 23% increased from purchasing the advanced goods like dishwasher. In addition, a study showed avoid the stressful and time-consuming house chores by hiring people is recommended by 6000 adults over the globe (Knapton, 2017).

On the other hand, other considerations rather than money should be measured regarding with one’s happiness. Futrelle (2014) declares “Once basic needs are met, money does not continue to make you happier.” Over 50 years of data in Western nations, an increase of happiness level has not been seen from the rise of wealth by Penec (2014). Moreover, a study highlights that people with small circle of close friends labelled to be happier (Futrelle, 2014).  Family, friends (Futrelle, 2014), and the living surrounding and stress levels (Penec,2014) are other factors to be considered as well.

In conclusion, money can not entirely bring happiness to one’s life. Although it has an influence to an extent, it is reported to not bring more happiness There are still other matters concerning with one’s happiness.

Although money is essential for covering one’s basic needs such as shelter and food, an excessive amount of wealth does not directly correlate to an increase in happiness. Penec (2014) argues that “Happiness should be measured by more than income”. The Western countries can be used as an example, to showcase this. Despite an increase in wealth, there have been no significant increase in levels of happiness among the population (Penec, 2014). Additionally, excessive amounts of wealth can promote greediness, which eventually leads to unsatisfaction. This then leads to chasing more wealth to satisfy their greed.  This destructive cycle is continuous and is only able to come to a stop when they feel fulfilled (Penec, 2014). Hence, money cannot buy happiness as it leads to continuous cycle of greed and unfulfillment.

The most significant factors that effects the levels of happiness are experiences and people such as family and friends. Futrelle (2014) states that “Once basic needs are met, money does not continue to make you happier. Experiences are more important than material possessions”. Building different memories with loved ones help increase levels of happiness as emotional bonds are strengthened. Although Knapton (2017) argues that money can buy happiness by helping people ignore negative or uncomfortable experiences, it can be counter argued that excessive amounts of money is not needed to have meaningful experiences. Additionally, a recent study concluded that a person with five or more close friends are likely to have an increased level of happiness (Futrelle, 2014). Therefore, rather than money, experiences and people can help increase levels of happiness.

In conclusion, money cannot buy happiness as excessive amounts of wealth can lead to continuous cycle of greed and unfulfillment. Additionally, instead of money, time spent with people to create different experiences can lead to an increase level of happiness.

It is believed that money can buy happiness for reasons related to gaining more time and avoiding burdensome situations. Research conducted by Knapton (2017) showed that 6000 adults in the US, Denmark, Canada and Netherlands feel a sense of fulfilment when delegating unwanted chores to cleaners that they can pay for. In addition to this, money prevents individuals from coping with uncomfortable situations, and it is proved by people who invest in buying timesaving home supplies such as a dishwasher witness 23% more happiness and contentment than other individuals (Knapton, 2017). Hence, people with money report greater levels of satisfaction in their lives.

Nevertheless, despite these non-negligible benefits, money can still easily be dissociated from happiness altogether due to other factors to consider to gauge happiness. According to Penec (2014), the increase in happiness rate in Western countries over the past five decades is insignificant although most have noticed a significant rise in wealth and economic sufficiency. Additionally, the author explains that rich individuals are greedier and cannot be content with what they possess. Moreover, other factors to take into consideration comprise people’s surroundings and daily stress (Penec, 2014). Furthermore, family and friends are more valued than material properties, and this according to research by Futrelle (2014) which proves that people are more likely to view themselves very happy with five ore more friends. On top of that, material possessions become relatively unimportant compared to experiences individuals gain throughout their lives (Futrelle, 2014).

To conclude, it has been argued that happiness cannot buy happiness because of more important aspects that come into play in people’s lives such as experience, friends and family. There are hope that in the future people will realise that material possessions are overvalued and then will decide to focus on more crucial parts of their existence.

Firstly, happiness is determined through others rather than income. According to Penec’s (2014) research, people who tend to earn less gain more satisfaction rather than earning more. Similarly, Futrelle (2014) noted that people with five or more close friends are declared to be ‘very happy’, while highlighting the benefits of family and friendships over money. 

However, there are drawbacks of money that will cause vulnerability. A research study argued that over 6000 adults in the US, Denmark, Canada and Netherlands suggested that paying for labour creates happiness (Knapton, 2017), although factors like environment you reside in, or stress levels could impact happiness. 

This paper argued that money could influence an individual's happiness, for instance surrounding yourself with loved ones or paying for labor that will satisfy one's desire. In the future, money could nurture basic needs and increase happiness levels.