Asked by Shannon Gibbons on May 20, 2024
Verified
Earning large sums of money tends to lower a feeling of well-being, because wealthy people worry so much about soon becoming poor.
Well-Being
A state of comfort, health, or happiness that can be affected by factors like physical condition, social relationships, and psychological state.
Wealthy People
Individuals possessing substantial financial resources and assets, significantly above the average societal level.
- Comprehend the relationship between financial wellbeing and happiness.
Verified Answer
BF
Benjamin FortsonMay 20, 2024
Final Answer :
False
Explanation :
Research generally shows that higher income is associated with higher levels of well-being, although the relationship may diminish or plateau at higher income levels. Wealthy individuals do not necessarily experience lower well-being due to fear of becoming poor.
Learning Objectives
- Comprehend the relationship between financial wellbeing and happiness.
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