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Correlation Between Happiness And Money Essay

2514 words - 11 pages

Happiness seems like a very complex issue, encompassed of individual and cultural differences. Therefore, attempting to acquire data to analyze it can formulate a difficult analysis. However, the question arises, is there a relationship between happiness and money? The basic understanding of not having money to cover basic needs causes a great amount of stress. Conversely, once basic needs are met, how does money affect pleasure? Another question arises, is there a magic income that maximizes happiness? Are there people who opt for very little money and desire further for happiness.
Our team has chosen to sample people of varying income levels, professions and ages to uncover the true sense of happiness with regards to their spending and consumption habits. Our teams goal is measure, define and analyze this relationship. Thus, uncovering what our sample size beliefs and thoughts are in regards to this relationship.
Why our questions are relevant?
As previously identified, our team prospects compiling an analysis on a sample size to provide responses to the correlation between happiness and money. In order to analyze the data, we’ve compiled a list of questions for a representative sample size. There is significant importance to these questions so they were carefully chosen to be able to compile what was needed.
There are 25 questions over all, each covering various topics of the areas we wanted to analyze. The questions are basic to understand, however focus on the following categories: Aspirations, celebrations, charity, desired career, education, happiest moments, significance of money, income, necessities and savings, restaurants, state of happiness, stress relief, the liquidity of happiness, time usage, vehicles and prioritization.
Aspirations are utilized to develop an understanding of where the client aims to end up and what they want to do. The objective here was to generally understand and grasp what the interviewees want out of life. There are two questions that fall into this category. Firstly, “what is your greatest aspiration?” This will unveil a little more personality from our interviewees such as what they want out of life, personal goals and motivations behind other actions. The next question is how their money can assist with their aspirations. The idea behind this question was to see how expensive their goals are. Basically, to see if their aspirations would need a large sum of funding or a small set or if it was a neutral answer that was rather ambiguous.
The next category is celebrations. This category is designed to understand how the interviewees express accomplishment. Is it through expensive means or is it a simple inexpensive measure? This will enable us to assess their characters and their mindset towards how they value their accomplishments and how much money they would put towards it.
The next category is charity. Each interviewee was asked about how they felt towards donations. This question...

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