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Happiness And Money Argumentative Essay

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Argumentative Essay on the Correlation of Happiness and Money
The correlation between the issues of money and happiness as well as the impact of material well-being on emotional background are highly debated questions. After the examination of necessary sources including the article by Daniel Kahneman and Angus Deaton and the article about happiness in Stanford Encyclopedia of Philosophy, the dominant opinion can be formulated that money has some influence on emotional well-being but is not able to buy happiness. This idea will be supported in the following essay because the researches mentioned by the authors of the articles provide persuasive evidence concerning the impact of money on a particular individual and the impact of the level of a country’s economy on the average feeling of happiness of the whole population. Obviously, money contributes to happiness but this feeling cannot be grounded exclusively on money without the addition of other essential factors.
The difference between life evaluation and emotional well-being is explained by Kahneman and Deaton in their article. Money is able to have an enormous influence on life evaluation and the opinion of a person concerning his success and professional development. Whereas the feeling of happiness refers more to the emotional background. “Emotional well-being also rises with log income, but there is no further progress beyond an annual income of ∼$75,000” (Kahneman and Deaton). It means that there is a certain

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