Despite the advice of preachers and philosophers warning us of the shortcomings of money, it’s hard to argue with Gertrude Stein’s observation: “I’ve been rich and I’ve been poor. Rich is better.”
Although money is better at reducing suffering caused by poverty and relieving anxiety caused by debt than it is at making us happy, it can buy lots of things that make us feel good and important.
But wealth is not a certain road to happiness. A poor person with good relationships is much more likely to be happy than a rich person with lousy ones. And people who earn moderate wages, but love their work, are much more likely to be happy than those who earn a lot but hate what they do.