alt Hacker NewsI really don't like this moralizing but more importantly there's increasing evidence that wealth does correlate with life satisfaction.
> The data showed the happiness gap between wealthy and middle-income participants was wider than between middle- and low-income participants.
And the apparent reason:
> He said: “A greater feeling of control over life can explain about 75% of the association between money and happiness. So I think a big part of what’s happening is that, when people have more money, they have more control over their lives. More freedom to live the life they want to live.”
https://www.theguardian.com/us-news/article/2024/jul/18/mone...
Sure, but I’d argue that it’s largely reduced stress rather than raw materialism. For example being able not to worry about paying both the electric bill and a child’s dental work this month.
There’s many other research that corroborates this view. After some point increasing income didn’t increase life satisfaction. Usually somewhere in the low upper-middle class region.