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A new study found a positive connection between money and well-being, but it is subject to various other factors.
Those making more money tended to report higher levels of life satisfaction and hope. However, the effect didn't exist for those making less than $1800 a month - this is around the poverty line for a multi-person household with children.
A higher income may cause people to be hopeful and improve their level of life satisfaction. It could also be that optimistic people make more money due to them already being hopeful.
While having enough money to live is necessary for happiness, by itself it is not enough. It appears that it is what people do with their money that increases their wellbeing.
SIMILAR ARTICLES & IDEAS:
Hope is a positive cognitive state based on determination and planning to meet a goal successfully. It consists of three things:
Religion, philosophy, and the arts have long considered happiness a subject important to study.
The sciences, however, have only recently caught up:...