MONEY AND HAPPINESS
By: Lethiwe Mdluli
When we are young, we dream of travelling the world, seeing new places, meeting new people and experiencing different cultures. All of us have it in the back of our minds that one day we will retire from our stressful jobs, pay off all our debts and travel the world without having to worry about money. Sadly it isn’t so.
In order for us to do everything we desire, we have to have money. No matter how much we try to argue and say we don’t need money to be happy, a study published by Forbes magazine shows that the wealthier you are, the happier you are.
In a study done by the University of Michigan Professors Betsey Stevenson and Justin Wolfers, it is said that the wealthier people are, the more satisfied they are with their lives. Using a 2007 Gallup poll, Stevenson and Wolfers found that people with the highest income report the greatest degree of happiness and satisfaction with their lives. For instance, only 35% of people making less than R35,000 say they are “very happy.” They also found that the populations of rich countries were happier than the populations of poor countries.
This question of whether money does bring happiness to our lives has been left un- answered for many years.
Henry Ford a well-known American industrialist, once said, “if money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience and ability.”
Poet Ogden Nash once said, “certainly there are things in life you can’t buy, but it’s very funny – did you ever try buying them without money?” Even though some people say money can make them happy, others still believe that having your loved ones with you is all the happiness you need