The difference in happiness between earning 5000 per month and 30000 per month may not solely be attributed to money. While an increase in income can improve living standards and provide more opportunities, happiness is a complex and multifaceted emotion influenced by various factors. Here are some reasons why people might not be happier despite earning more:
Adaptation and Hedonic Treadmill: Humans have a tendency to adapt to new circumstances, including increased income, and return to their baseline level of happiness. This is known as the "hedonic treadmill." As people earn more, their desires and expectations may also increase, making it challenging to sustain a higher level of happiness.
Comparison and Social Factors: Happiness can be influenced by how individuals perceive themselves in comparison to others. If people constantly compare themselves to others who have even higher incomes, they may feel less satisfied with their own earnings.
Materialism: Focusing too much on material possessions and wealth can lead to a never-ending pursuit of more, which might not bring long-lasting happiness.
Lifestyle Inflation: As income increases, people often upgrade their lifestyles, spending more on luxury items or larger expenses like housing and vehicles. This can lead to increased financial stress and negate the potential happiness gains from higher earnings.
Work-Life Balance: Earning more money might come at the cost of working longer hours or having a more demanding job, leading to less time for personal life and relationships, which are crucial for happiness.
Purpose and Fulfillment: Happiness is also influenced by finding purpose and fulfillment in one's life. Simply earning more money may not address these deeper needs.
Health and Relationships: Money cannot buy good health or meaningful relationships, which are significant contributors to overall happiness.
Financial Worries: Ironically, sometimes earning more can lead to more financial worries as people take on additional responsibilities and commitments.
So, while money is undoubtedly essential for meeting basic needs and providing security, it may not be the sole determinant of happiness. Other factors like meaningful relationships, personal growth, work satisfaction, health, and a balanced lifestyle all play crucial roles in contributing to overall happiness. Achieving a balance between financial stability and pursuing a fulfilling life outside of monetary pursuits is essential for long-term happiness.