Does Money Bring Happiness?
Does
money bring happiness? To many, it does, especially if they have experienced
the lack of it!
The poor little rich girl
Barbara Woolworth Hutton was
one of the wealthiest women in the world during the Great Depression. She experienced an unhappy childhood
with the early loss of her mother at age five and the neglect of her father,
setting her the stage for a life of difficulty forming relationships. Married
and divorced seven times, she acquired grand foreign titles, but was
maliciously treated and exploited by several of her husbands. Publicly, she was
much envied for her lavish lifestyle and her exuberant wealth; privately, she
was very insecure and unhappy, leading to addiction and fornication. She died
of a heart attack at age 66. At her death, the formerly wealthy Hutton was on
the verge of bankruptcy as a result of exploitation, as well as her own lavish
and luxurious lifestyle.
Barbara Hutton was the unhappy
poor little rich girl! She was widely reported in the media, and her story was
even made into a Hollywood movie.
Get-rich-quick
The
love of money may entice many people to engage in many get-rich-quick schemes, high-risk
investments, or compulsive gambling, leading to debts and many financial
disasters in their lives.
There
was the story of a fool who was told that to satisfy his hunger, he had to eat
four buns; he ended up eating only the fourth bun when he thought he could take
a shortcut instead. In life, you have to work hard to earn your money, just as
you have to eat all the four buns to satisfy your hunger, and not just the
fourth one.
Buying
lottery tickets is also like eating the fourth bun—another get-rich-quick
mindset that many people embrace and entertain.
According to some psychology studies, the overall happiness
levels of lottery winners spiked when they won, but returned to their
pre-winning levels after just a few months when the thrills of winning wore
off. In terms of their overall happiness, the lottery winners were neither
significantly happier than the non-winners, nor were they happier than they
were before their winnings. Research has
shown that affective forecasting, which is
predicting human future emotions, often makes humans overestimate the duration of their future emotional reactions.
Stephen Lau
Copyright© by Stephen Lau
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