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22 views1 page

chemistry

Uploaded by

muralimanohar037
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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“A genius is the man who can do the average thing when everyone else around him is

losing his mind.” —Napoleon “The world is full of obvious things which nobody by
any chance ever observes.” —Sherlock Holmes
Most of us have heard that money can’t buy happiness. But the way you view wealth
and materialism may have a significant effect on how satisfied and happy you are
with your life, according to a new study published in the journal Applied Research
in Quality of Life.

″[M]oney can be a tool to motivate you to achieve major milestones in your life,
which can make you feel happier in the long run,” Jenny Jiao, study author and
assistant professor of marketing at Binghamton University School of Management,
said in a press release.

After analyzing results from a survey of over 7,500 German adults for the study,
researchers at the Binghamton University School of Management found that people’s
feelings about materialism tend to be nuanced. Specifically, there’s a difference
between “happiness materialism” and “success materialism,” the researchers found.

Buying into “happiness materialism” — the belief that wealth is an indicator of a


happy life — tends to be problematic because it takes “much time, energy and money
away from other life domains that make an important and positive contribution to
present life satisfaction,” such as family, work and health, the study authors
wrote.

However, researchers believe focusing on “success materialism” — the idea that


wealth signifies success — enhances people’s “economic motivation,” or their drive
to work and improve their standard of living. Thinking about success through that
lens could make individuals more satisfied with their present lives and hopeful
about the future.

This simple mindset shift could make a difference in the way people view success
and their lives, but of course there are other variables at play. For example,
while this study didn’t cover how income specifically affects life satisfaction,
researchers agree that it also impacts people’s happiness. A 2010 study out of
Princeton University found that there’s a correlation between happiness and wealth,
to a point of about $75,000 per year. When people make more than $75,000 a year,
their happiness doesn’t increase, but the lower their income is the worse they
feel, the study found.

Jiao added in the press release that, above all, it’s important to keep in mind the
things that bring you happiness that don’t come with a price tag. “These include
family, friends, your

health, continual learning and new experiences,” she said.

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