If spent wisely, cash can positively influence emotional well-being, researchers found.
Money can’t buy happiness, or so the adage goes. But two recent studies on emotional well-being and income have produced somewhat contradictory findings. To understand the complexity of this issue, researchers conducted separate research projects.
Their project used data from more than 450,000 responses to the Gallup-Healthways Well-Being Index survey, focusing on people’s daily experience of positive emotions such as happiness, enjoyment and frequent smiling as well as their negative feelings like sadness and worry. Matthew A. Killingsworth, a researcher at the Wharton School at the University of Pennsylvania, conducted a separate study. Killingsworth collected over 1,725,000 experience-sampling reports from more than 33,000 employed U.S. adults via smartphone prompts asking about their current happiness levels on a scale ranging from “Very bad” to “Very good.”
The implications of these studies suggest that although money may not necessarily buy happiness, it can positively influence emotional well-being. To maximize their emotional well-being, people should consider how they use their money and focus on ways to make quality purchases that are meaningful and impactful for them.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley Bank customers line up outside California location amid frantic rush to withdraw moneyVideo shows customers lining up outside a Silicon Valley Bank location in Menlo Park, California, on Friday. The bank was seized by California regulators after it went insolvent as customers rushed to access their deposits.
Read more »
First Production MX Speedster Revealed Giving Ferrari Monza SP2 A Run For Its Money | CarscoopsFirst Production MX Speedster Revealed Giving Ferrari Monza SP2 A Run For Its Money | Carscoops carscoops
Read more »
Show me the money: The highest revenue raising taxes in Biden's proposed budgetPresident Joe Biden released his 2024 budget plan Thursday which promises to cut the deficit by $3 trillion over the next decade.
Read more »
More Chase customers lose money to ATM thieves using glue and 'tap' feature to stealA story about a new type of ATM fraud has exploded on the internet: scammers using glue and the ATM 'tap' feature have been draining bank accounts. Now more victims have come forward saying it happened to them, too.
Read more »
More Chase customers lose money to ATM thieves using glue and 'tap' feature to stealA story about a new type of ATM fraud has exploded on the internet: scammers using glue and the ATM 'tap' feature have been draining bank accounts. Now more victims have come forward saying it happened to them, too.
Read more »
More Chase customers lose money to ATM thieves using glue and 'tap' feature to stealA story about a new type of ATM fraud has exploded on the internet: scammers using glue and the ATM 'tap' feature have been draining bank accounts. Now more victims have come forward saying it happened to them, too.
Read more »