THE PSYCHOLOGY OF MONEY

Does More Money Really Make Us More Happy?

It is well understood that increases in income and wealth provide only temporary increases in our satisfaction. Numerous studies have described the temporary “high” felt when someone receives a bonus or raise and the rapid adjustment to that income that reduces the pleasure we feel. Authors such as Malcolm Gladwell have described the fact that wealth is not directly related to satisfaction on all levels and that there seems to be a peak – beyond which additional income does not provide the same measure of contentment. This article describes ways in which we can direct our dollars and our attitudes towards greater life satisfaction; which, after all, is truly the UPotential way!

 

Click here to read the full article on Harvard Business Review

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