Most Helpful Guy
No I don't think so, I think money is way overrated by a lot of people. There have been studies done on this and it showed that of course if you're under a certain income then you will suffer and your happiness will go down but as long as you're not in poverty any extra income did NOT increase the happiness of the people. In fact I think some rich people are extremely unhappy. They're trying to fill some void with making more and more miney because that's what they've been told is success and it's just not working. Personally I don't need a lot to be happy, some food, a bed to sleep in that's about it, of course I won't say no to a pc and internet ;). So of course if you're homeless and starving or freezing then money will increase your happiness but if you're talking about someone who's doing ok then no.1
Most Helpful Girl
The answer is YES, money can buy happiness -- but only up to a certain point.
It shouldn't surprise you that tons and tons and tons of studies have been done on this. In fact, by this point, economists have pretty much been able to put a dollar value on the "saturation point" -- that is, the point at which money STOPS buying additional happiness.
I mean, you can google the shit out of this. Just type in "money can buy happiness but only up to a point", and see what google spits out at you.
Obviously, there's gna be individual variation. And, there can be "habituation effects" -- in other words, people can be spoiled children, and, once they get used to a certain standard of living, teh LACK of money might bring a certain (temporary) LACK of happiness.
I mean, these studies shouldn't exactly be surprising.
Because... in other, equally unsurprising news... grinding poverty sucks.2