How important is money for people? A study suggests that money is responsible for how people view life.
For some people, the meaning of an activity takes precedence over financial livelihood. For some, the goal may be to realize themselves and do meaningful work. Assistant Professor Sarah Ward, Gies College of Business, says it's important for people to feel that the things they do matter to others Businessinsider.de informed.
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People of higher status attach great importance to money in the meaning of life
+Money can influence the meaning of life – according to the study.
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For the study, Ward collaborated with a researcher from Sogang University. Together, they investigated how the thought of money affects the meaningfulness of life. The aim was also to identify whether there were differences in social status in this context. According to the study, people with higher formal education, higher income and property and people who do not have this status were examined.
The following experiments were performed:
The subjects also had to answer questions about their status (income, property), answer feelings about the meaning of life and the financing of their own lives, reports businessinsider.de.
Free time is also important for happiness, an average of two and a half hours a day should make you happy.
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Results of the study: Money is more important for people with higher education
It turned out that people with higher education or property attach greater importance to money in connection with the meaning of life than socially weaker people. People from lower classes would associate meaningfulness less strongly with money. Businessinsider.de informs that it is important to find ways to avoid possible negative effects, as general well-being is likely to be negatively affected unconsciously. In this way, the portal refers to information from Ward.
Other aspects that contribute to the fulfillment of the meaning of life are happiness and relationships. The Westdeutscher Rundfunk (WDR) reports that happiness researchers, on the other hand, have found that money, career and status are less important for people's happiness in life. More important would therefore be health, friends, sufficient sleep and a self-determined life.
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