It is often argued that someone’s financial state has a determined impact on happiness. On the other hand, others believe the person’s mental state depends on other factors. Despite the fact that financial situation impacts dramatically on our psychological health, I tend to agree that money will not buy you happiness.
Financial situation plays a crucial role in everyday life. People’s life is enhanced on all levels when budget allows to cover necessities like food, accommodation, transport and bills. This leads to less stress and consequently better mental state. For example, research shows that arguments occur more often in families with low household income. Also, people are tend to be more stressed when they day is overload with duties, which they could delegate if they had financial capability. Overtime financial instability may lead to depression, while being confident about your financial situation allows to be more devoted to your interests and mental health state.
While it is true that money can enhance life experience and reduce some stress, this does not necessary mean a person will be happy in that environment. A key reason for that is our psychological health by nature is not connected directly with finance. As soon as basic needs are covered, to reach desired mental state humans need some real deep connection with other people and satisfaction from their actions. Reaching your full potential, getting desired results and having a strong bond with friends and family leads to the full satisfaction from life. A clear illustration of this is some famous and reach people ended their life with suicide being extremely unhappy, while there are people from poor regions, with great community bonds and minimal things in life, describe themselves happy.
To conclude, even if it is accepted that financial situation significantly reduce stress and make it easier to devote efforts into most important things in our life, it does not follow that happiness is determined mainly from the financial situation.