The relationship between money and happiness has been debated for years, with some arguing that there is no direct correlation. However, research suggests that increased income can improve life satisfaction and happiness up to a certain point. A study by Daniel Kahneman and Angus Deaton found that while meeting basic needs improves happiness, further increases in income do not lead to greater happiness once these needs are met. Another study challenged this finding, suggesting that there is no plateau. Ultimately, the impact of money on happiness depends on individual factors such as emotional well-being.

Source: https://hackernoon.com/does-money-buy-happiness-yes-yes-it-does?source=rss