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Essay / Research Paper Abstract
This 3 page paper argues that the saying Money Does Not Buy Happiness is true. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: KV32_HV680888.rtf
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Unformatted sample text from the term paper:
argued that in sales transactions, both parties want to make money: the seller wants to sell his goods for the most money he can while the buyer wants to spend
the least he can, thus saving money (Begley, 2007). That is, both parties want to maximize the amount of money they have, leading to the theory that money is important
and can buy happiness. But studies dont bear that out. There appears to be only one time where money really contributes to happiness, and that occurs when someone living in
poverty suddenly has enough money to move into the middle class (Begley, 2007). Once everything is not such a terrible struggle, life is much easier and people are much happier.
But that is the only time when money makes a positive impact: middle class people who move up, or rich people who become even richer, dont experience a corresponding increase
in happiness just because they have more wealth (Begley, 2007). This doesnt seem to make sense because according to economic theory, more money means more choice, and "the most important
commodity you can buy with additional wealth is choice" (Begley, 2007). But studies show that too many choices can be paralyzing: people enjoy selecting from perhaps "half a dozen kinds
of pasta at the grocery store but find 27 choices overwhelming" (Begley, 2007). They are constantly on edge, fearing that they have made the wrong choice, or could have chosen
better (Begley, 2007). Additionally, with the help of advertising and the media, wants become needs-who really needs an IPod?-and the line between whats truly necessary and whats merely desirable is
blurred. The problem here is that satisfying needs "brings less emotional well-being than satisfying wants" (Begley, 2007). That is, its necessary to put food on the table, but because it
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