How Does Money Impact Wellbeing? Money allows us to meet our basic needs—to buy food and shelter and pay enough money to do so, our wellbeing suffers. Beyond that, as Tom Rath suggests in his book, Wellbeing, “money can with friends. Money can be used to make our lives easier. But the fact is that most of us don’t use money to buy more free time. Like Sally, many of us may not be using money in a way that maximizes More money doesn’t necessarily buy happiness * People who won large amounts of money in lotteries in the U.S. or * Welfare recipients who were given more money in a controlled study the benefits of having more money might be offset by the sacrifices values it so, we believe that money will bring us happiness and so we Moreover, money can actually detract from our ability to connect to series of studies showing that when money was on people’s minds, they Diener, E., & Seligman, M. (2004). Beyond money: Toward an economy of Diener, E., Diener, R. (2002). Will money increase subjective Vanderkam, L. (2013). Why money isn't buying you happiness. http://www.cbsnews.com/8301-500395_162-57586398/why-money-isnt-buying-y of money. Science, 314(5802), 1154 * Rethinking Money + How Does Money Impact Wellbeing? + How Can You Improve Your Relationship with Money? + Find Out More about Money Money's Isolating Effects When people are thinking about money, they isolate themselves from nine experiments that demonstrated that that money makes people want to be free of dependents and dependency. Reminded of money, participants