And truth! Money brings happiness, says Nobel Prize winner

Money has always been a hot topic when it comes to happiness. While some people believe that money is the key to happiness, others claim that this is an illusion and happiness is something that cannot be bought. However, Nobel Prize winner in Economics, Angus Deaton, argues that the money it can bring happiness, but in a complex way.

money brings happiness

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The debate over whether money brings happiness is an old one and remains a contentious issue. However, Nobel Prize winner in Economics, Angus Deaton, argues that while money is not a direct source of happiness, it plays a significant role in our quality of life. life.

Angus and Daniel Kahneman

According to Deaton, the relationship between money and happiness is complex. In a study by him and his colleague, Daniel Kahneman, they found that money has a positive impact on happiness up to a certain point, after which happiness stagnates. This point varies by country and individual circumstances.

Deaton also argues that money can improve our quality of life in other ways, such as increasing our life expectancy, improve our health and education, and provide a sense of security financial.

quest for money

However, Deaton cautions that money is not a panacea for all our problems. The relentless pursuit of money can lead to a range of negative consequences, such as stress, anxiety and unhappiness. Furthermore, the obsession with money can make people focus only on their own needs and desires, to the detriment of the needs of others.

source of happiness

Money is not the only source of happiness, but it is an important part of human well-being. However, it is important to remember that money is not the only factor that contributes to happiness and that it should be balanced with other aspects of life, such as meaningful relationships, purpose, and a sense of purpose. community.

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