Can Money Really Buy You Happiness?

The power of wealth and its consequences.

Kenny Wongchamcharoen
5 min readJan 12, 2021


Photo by Alexander Mils on Unsplash

“Money makes the world go round.”

This popular saying conveys just how important money is perceived to be. Indeed, money is incredibly important as, without it, we cannot purchase daily necessities or indulge in holidays and other enjoyable activities.

Acquiring money and achieving financial freedom are regarded as extremely crucial by people from all walks of life. In fact, some people even believe that the amount of money you possess can be an indicator of your happiness in life.

However, it has been said that money cannot buy happiness we get from our relationships with our loved ones. Nevertheless, I strongly believe that happiness can be bought with money as individuals can live a fulfilled life if they possess material comforts and a good health.

I do believe that money can buy happiness as money can be spent on creature comforts which is one of the aspects of happiness. If one defines the best things that one regards in life as happiness, one must acknowledge that to experience happiness in the first place, one must be able to purchase one’s basic needs.

Sadly, these necessary items in life, such as food, water, home, or healthcare are not free. Money is needed to cover all these items. The costs of healthcare have been rising rapidly to respond to the growing needs of individuals in society. For instance, overall healthcare costs in the United States — including all private and public spending — are anticipated to rise by an average of 5.5 percent per year over the next decade — growing from $3.5 trillion in 2017 to $6 trillion by 2027, according to Peter G. Peterson Foundation.

“The costs of healthcare have been rising rapidly to respond to the growing needs of individuals in society.”

Despite the government’s effort to impose policies to help alleviate the problems and lift citizens out of the poverty line, it is still inevitable to mention that some poverty-stricken individuals fail to achieve happiness because of their lack of access to these necessities. Hence, without these essentials, we cannot even satisfy our…



Kenny Wongchamcharoen

✒️ Writer for ‘The Ascent’, ‘Real Life Resilience’, and ‘Voice Tech Podcast’, currently based in Singapore and Thailand.