Some people think personal happiness is directly related to economic success, while others believe this depends on other factors.
Discuss both sides and give your own opinion.
There is a debate in the society about whether the personal happiness of an individual is predicated upon their economic success. This correlation and role of the other factors are discussed in the following paragraphs.
One can throw money at a problem and more often than not, it can be solved indirectly. And lack of money often entails lack of resources, which makes it challenging to stay happy in scarcity. Poor people are seldom happy, as evident from the outcry of the lower middle class of the society. The rich tend to buy conveniences that save them time and efforts, and time is invaluable in today’s day and age. Wealthy folks can thus buy time to engage in activities that they know will make them happy. Economic success also augurs social status that unlocks special treatment and access to opportunities that are otherwise not accommodated for laymen.
No matter how rich someone is, money can only do so much when their health is at peril. One may buy a gift for their significant someone, but not significance itself. Happiness is a state of mind that is governed by a plethora of factors, such as emotional well-being and satisfaction towards life in general. For instance, billionaires going through divorce cannot seek refuge with wealth. Similarly, loss of a limb is equally detrimental to personal happiness, for rich and poor alike.
In conclusion, while economic success does not guarantee personal happiness, it is certainly a major factor as it helps abate most of the difficult situations. Hence, financial stability is important for happiness, but that alone is not enough by itself.