When we lack the ability to feel safe, our default setting is to be overwhelmed by anxiety. In light of this, we can state that security is indeed a necessary condition for happiness. However, for this question, one's financial situation is also included. But will it be money brings happiness to the people? See this article.
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Scientific study on the subject
Matthew Killingsworth confirms, in a study published in Proceedings of the National Academy of Sciences (PNAS), that money affects happiness and well-being even more than we can imagine.
The study collected over 1 million pieces of data from over 30,000 US participants (aged 18-65) who provided information about their daily feelings to reach this conclusion. This was all done through an app called Track Your Happiness, which Killingsworth created.
Through this app, users answered questions during the day at various times about their current happiness. Additionally, at least once during the procedure, participants were asked to rate their level of satisfaction with their lives, with responses ranging from “none” to “very much”.
Analysis and conclusion of results
Using the data, Matthew calculated each person's average level of happiness and examined how this related to their income. The experiment used a threshold of $75,000 in annual household income as a starting point. As a result, it was determined that there was a compelling possibility that money would cease to be important right now (the starting point), at least in terms of how people actually feel each time.
Then he found that all forms of well-being continued to increase along with income when he looked at a wide range of income levels. That is, there was no change in the curvature or an inflection point where money ceases to matter.
Finally, the most logical conclusion to be drawn from these experiments is that whatever value best correlates with a person's values is the one that best represents that person's "sweet spot" person. Therefore, to achieve happiness, they must be able to acquire the non-material experiences that are most meaningful to them.
