It’s often thought that if one had more money they would be happier, bills would be easy to pay and work would be less stressful. It turns out that that is not the case. Once one has their basic needs met the more they earn the less of an impact it has on their happiness.
Be happy with what you have and stop thinking that material wealth will solve your problems. Embrace the now and appreciate what is around you.
The idea of the hedonic treadmill can apply to discrete pleasuresâ€”like getting accustomed to better beerâ€”or it can apply to an overall lifestyle.Â There is evidenceÂ that if an individualâ€™s basic needs are met, after a certain point, increases in income do not lead to much greater happiness. As the money we have to spend goes up, so too do our expectations and desiresâ€”and with them the possibility of disappointment. A now-classicÂ study from 1978Â compared the happiness of lottery winners with a control group drawn from the same neighborhoods. The researchers interviewed lottery winners after the initial thrill had worn off. When asked to rate their present level of happiness, the lottery winners answered in the same way as did the control group. The two groups also made similar predictions about their future happiness. And when asked about a number of mundane pleasuresâ€”talking with a friend or eating breakfastâ€”the lottery winners actually derivedÂ lessÂ pleasure than did the control group.