After discussing the “buyosphere” and America’s immense amount of consumerism in class, I decided to delve deeper into the topic to find out more details on the reasoning and symptoms of “consuming our way to happiness”. It is generally known that because of technology, the increased amount of individuals becoming educated, and the wealth of our nation that consumerism is on the rise. However, it is often said that “money can’t buy happiness”. But can it?
Research suggests that money can buy happiness when it comes to those who are impoverished. After evaluating the needy and evaluating the wealthy, it was obvious that that the wealthy had a higher level of happiness. However, research goes further to say that the happiness of the financially better off depends on what their money is spent on. According to the Wall Street Journal, individuals who consume “experiences” are said to be happier than those who consume “items”. Regardless, the consumer still remains happier.
Psychology Today also agrees with the fact that income and happiness are undoubtedly related. However, the correlation between the two is much stronger in the impoverished than in the middle-class and wealthy. Nonetheless, research has also shown that as the average income of an American has tripled, the average happiness of Americans has remained constant. The conclusion: money can buy happiness, but it definitely has its limits.