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Test The Link Between Money and Happiness: Myth or Reality?
Agenda
1st QUESTION: What is the "partial truth" of the belief that money buys happiness?
That money, to some extent, eliminates sources of stress (basic insecurity)
That an infinite amount of money brings infinite happiness
That only people in extreme poverty are unhappy
That poorer countries have greater life satisfaction
QUESTION 2: How does the text describe the relationship between income and well-being once basic needs are met?
It is a straight upward line (more money is always more happiness)
It is a flattening curve (the impact is diminishing or zero)
There is no relationship between the two
It is a straight downward line (more money, less happiness)
QUESTION 3: What is the "high hidden cost" of the pursuit of wealth mentioned in the text?
The small increase in pleasure provided by a luxury item
The stress and lack of free time taken away from relationships and hobbies
The need to cover basic needs
The difficulty of reaching the "glass ceiling"
QUESTION 4: What is "hedonic adaptation" or "hedonic treadmill"?
Our misperception of the happiness of the rich
The saturation point where more money does not bring more happiness
The tendency to prioritize wealth over relationships
Our ability to quickly get used to new circumstances (e.g. new car)
QUESTION 5: Why is money an important factor to some extent, according to the text?
Because it allows us to buy luxury items
Because it eliminates significant sources of stress and worry (basic needs)
Because it guarantees high quality relationships
Because the richest countries are always the happiest
6th QUESTION: What trap does the text mention about thinking "If only I could double my income"?
That those who already earn that amount often feel the same way about doubling theirs
That doubling income always guarantees lasting happiness
That this goal is always easily achieved
That hedonic adaptation does not apply to income
7TH QUESTION: What do we tend to systematically overestimate, according to the studies cited?
The negative impact of job stress on health
The importance of social relationships
The impact that money will have on our happiness
The speed of hedonic adaptation
8th QUESTION: What are the "true sources of a fulfilling life" mentioned at the end of the text?
The accumulation of wealth and luxury items
Professional success and an expensive car
A steady pay raise
Quality relationships, a sense of purpose and gratitude
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INCORRECT QUESTIONS
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