There has been existing research in developed countries showing that income does not increase happiness. The results altogether show that people cannot have the maximization of happiness. Instead, they can be less with more leisure time. Leisure time is shown to increase the level of happiness. Over the past few years, research has presented a deeper comprehension of the relationship between what we earn and the health and the happiness of a person. The economists have been scrutinizing the connections that exist between happiness and income. The psychologists have probed various people to find to find what makes them tick when it comes to cash (Diener, Lucas, & Scollon, 2006).
In other words, income alone does not guarantee a good life. How
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There are chances of overrating the joy bringing effect whether in the form of money, what they think at that particular time or the previous dates. Practically, the income increase has a brief effect on the satisfaction of an individual. When a given country has a sudden increase in the income of its citizens, there is a proportionate increase in the sense of the well being. The life satisfaction increases as per capita income. However, there is a little increase in life satisfaction (Argyle, 2013) When the country experiences a sudden increase in income for their citizens, there is no corresponding increase in the sense of the well-being. The satisfaction of life tends to increase as the per capita of the nation income. Nevertheless, there is little increase in satisfaction of life once the per capita incomes go beyond $12,000. The Psychological studies present that the people who are wealthier are the most intensive negative emotions that they experience. The studies do not link wealth with greater experienced happiness. The research shows that the increase in income has a little effect on the happiness since the relative income rather than any income level affects the well-being of an individual. If an individual gets richer than the peers, one may feel better off. Nevertheless, one will make richer friends. Thus, the relative wealth would not …show more content…
Thus, income may not be the sole reason for the happiness of an individual. The human beings are the social animals who need to socialize. The primary idea is that our brains have evolved in a manner that they have; thus, we can be social (Lilienfeld, Lynn, Ruscio, & Beyerstein, 2010).
It is unrealistic and undesirable to be happy all the time. The negative emotions are natural and inherent. When considering the negative emotions, what is imperative is learning to appropriately regulate the damaging thoughts. Being happy all the time stipulates the epistemic irrationally. With the few minor changes, one can be happier than they currently are. The adjustment does not need much effort and may be easier than you think (Argyle, 2013).
The general idea is clear those with the high income tend to have more life satisfaction. The idea is evident in the higher income countries tending to report more satisfaction life. The best-fit line is drawn through the data. The lighter dotted lines are non-parametric that are the best lines of fit that is not required to be straight. The doubling of the income leads to an increase in the happiness scale for low-income and high-income countries (Easterlin,