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Explain How Much Money Makes A Happier Person Essay

777 Words4 Pages

Money is great. It’s the backbone of our society and one of the largest deciding factors of success in America. But how much money can make you happy? How much money can make you unhappy? What’s the best way to not only acquire a decent amount of money? And if money is so important, why can’t people seem to keep and manage it properly? If you keep reading, you may find the answers to all of these problems. First of all, having financial security makes you a happier person. According to a report in the journal Nature Human Behaviour, financial security is a factor in happiness worldwide. Specifically, as an individual, making $65,000 to $95,000 a year is the amount for optimal satisfaction in life. Surprisingly, making more than $95,000 led to “declines in in emotional wellbeing and life satisfaction.” But if having enough money makes you a happier person, why aren’t Americans saving the money they make? Americans aren’t taking the time to save their money. According to a study conducted by the Federal Reserve, nearly half of Americans don’t have enough money saved to take care of a $400 emergency. This is troubling, not only due to the fact that it’s a relatively small amount of money to pay for the average …show more content…

According to the Bureau of Labor Statistics, workers who have a college degree have lower unemployment rate: “Among workers age 25 and older who graduated high school but did not attend college, the unemployment rate was 5.3 percent… For people with some college or an associate degree, the unemployment rate was 3.8 percent” (Bureau of Labor

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