262597318250933

Would a sudden increase in your wealth increase your long-term happiness?

“Happiness consists more in small conveniences or pleasures that occur every day, than in any great pieces of fortune that happen but seldom.”
Benjamin Franklin

 

Human beings are amazingly adaptable. We only need to consider how mankind has satisfactorily inhabited the extremities on the surface of the Earth , from the cold and dampness of the subzero temperatures of the Arctic Circle to the arid dryness of deserts in lands close to the equator. 

And as individuals we are able to adapt, whether it be when facing personal tragedy and hardship or when Fortune smiles upon us.

Researchers in the US followed a group of people who had become physically disabled as a result of serious accidents to the extent that their mobility and their lives became severely limited.

Not unexpectedly, these people were very unhappy in the months immediately following their misfortune, but over time, it was found that their happiness eventually improved until it was almost at its usual level. 

It appeared that, as they became accustomed to the restrictions of their disabilities, their expectations changed and they became as content with their reduced possibilities as they were before their accidents.

More generally, as a group, it has been found that physically disabled people report happiness levels quite similar to those of the broader population.

The exception to this is when physical conditions or illnesses cause chronic pain or exhaustion.

On the other hand, researchers in the UK and the US followed groups of people who had won large prizes in lotteries and found that, while their happiness increased greatly in the short term, over a period of a year or more, it generally returned to its original base level.

So when comparing the happiness levels of people who had been badly paralysed in accidents with those who had won major prizes in lotteries there was no significant difference in happiness when measured 12 or more months after the major life changing event.

When you think about it, If wealth by itself produced happiness, all the wealthy movie  and sports stars, celebrities and entrepreneurs would be the happiest people in the world and the poorest people would be the unhappiest. 

This is clearly not so.

So, while many of us might expect that a sudden increase in wealth will produce a sudden increase and permanent improvement in our happiness, the research shows that this is generally not so.

While working in Afghanistan recently, I met some people who were incredibly poor by Western standards, people living not only in relative poverty but also under extremely life-threatening conditions. Yet I certainly did not get the impression that they were any less happy than those of us living in modern Western cities.

Of course, we might be extremely happy when we first drive our brand-new car, but,  the excitement and happiness will generally wear off so that driving it just feels normal.

Psychologists call this “hedonistic adaption”.

This same capacity to adapt that enables us to accept unfavourable circumstances, generally bringing our happiness and satisfaction back to the norm, also acts in favourable circumstances, so that the big boost in happiness produced by a pleasant event also slowly wears off.

This of course does not mean that wealth is bad. Wealth enables more comfortable and healthy living, as those with moderate and better wealth can afford healthier food and lifestyles, along with better medical support.

This can contribute to their base level of happiness as well as their longevity and other positive benefits.

Importantly, the hedonistic adaption that can accompany an increase in wealth can be reduced if care is taken in the way that the wealth is used. 

For example, if it is used for a greater good or purpose aligned with a person’s core values, it can give a deep satisfaction and longer lasting happiness.

Furthermore, as explained by Benjamin Franklin, if the wealth is used to produce numerous smaller, memorable, happy experiences, hedonistic adaption can be minimised and a person’s happiness increased on a continuing basis.

Which, after all, is undoubtedly something that each of us is pursuing.

[cp_popup display="inline" style_id="2570" step_id = "1"][/cp_popup]
Facebook
Twitter
LinkedIn

Check out these products...

Find more of my self-help products in my Shop. Click HERE

Surprise: the spark of life's unpredictable journey

Surprise: the spark of life’s unpredictable journey

This is the sixth and last emotion that we are exploring in our series on the 6 basic emotions – emotions that psychologists have found to be common amongst all peoples and races studied.

The other five motions are happiness, sadness, anger, fear and disgust.

Read More »
What does feeling stuck do to my body?

What does feeling stuck do to my body?

Feeling stuck? You’re not alone. This sensation, an unconscious message that something needs your attention, isn’t merely an inconvenience; it can have real, tangible effects on your body.

Read More »
Disgust: more than a reaction

Disgust: More Than A Reaction

This is the fifth in our series of articles on the six basic human emotions that have been identified by psychologists. The first four basic emotions we’ve covered are happiness, sadness, fear and anger.
Even the word ‘disgust’ sounds disgusting to me! 😊

Read More »
How to feel less stressed, IMMEDIATELY!

How to feel less stressed, IMMEDIATELY!

Are you feeling overwhelmed, stressed, or anxious? A simple yet highly effective solution may be right under your nose, literally. The physiological sigh, a natural mechanism our bodies use to combat stress, can be a quick and easy way to help you regain control of your emotions.

Read More »
Anger: Fuel for Change

Anger: Fuel for Change

We’ve so far talked about three of the six basic human emotions, happiness, sadness and fear, so today we are going to talk about an emotion that has a very bad rap – anger.

Read More »
What does it mean to ‘feel stuck’?

What does it mean to ‘feel stuck’?

Fear is an intrinsic part of the human experience, a primal emotion rooted in our survival. It whispers to us in the shadows of uncertainty and looms large in the face of danger. Fear’s spectrum is broad and varied, encompassing everything from mild apprehension to intense terror, each shade serving as an essential alarm system warning of potential dangers.

Read More »
Fear - a guide to growth and self-Improvement

Fear – a guide to growth and self-Improvement

Fear is an intrinsic part of the human experience, a primal emotion rooted in our survival. It whispers to us in the shadows of uncertainty and looms large in the face of danger. Fear’s spectrum is broad and varied, encompassing everything from mild apprehension to intense terror, each shade serving as an essential alarm system warning of potential dangers.

Read More »
Feeling stuck in your professional career

Feeling stuck in your professional career

You find yourself in a familiar routine, arriving at the office, facing the same tasks, mingling with the same colleagues. The monotony weighs heavily on you, and a feeling of being stuck looms large. What was once a promising career now feels like a trap, and you can’t seem to shake the nagging sense that something is holding you back

Read More »
Sadness: embracing the depths of emotion

Sadness: embracing the depths of emotion

This is the second in a series of articles on the six basic emotions that we all experience from time to time.

Sadness, often seen as an emotion to avoid, plays a vital and complex role in our emotional landscape. Characterized by feelings of loss, disappointment, or hopelessness, it may appear overwhelming at first glance, but it can lead to profound growth and understanding. It’s more than a temporary state of mind; it’s an opportunity for self-reflection and development.

Read More »
self-confidence

Happiness: savouring the small moments

This is the first in a series of articles on the six basic emotions that we all experience from time to time.

Happiness, one of the most sought-after emotions, is a rich and complex experience that extends beyond mere pleasure. It encompasses joy, contentment, and satisfaction, reflecting a state of well-being that many strive to attain.

Read More »

Please note that, at times,  I provide links to free and paid products that you might find useful as you strive for greater success in your work or business life. 

I also recommend resources by others that you might find of value. It is important to mention that I only recommend products that I have had satisfactory, or better, personal experience with or, otherwise have good reason to recommend them.

Please note that some of these links are affiliate links, in which case I might receive some form of remuneration if you purchase the product using my link. While this will not add to your cost, any payments received in this way will assist in keeping this site running to help people such as yourself.

Scroll to Top

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you understand and accept this along with our terms and conditions, shown here.

download your free ebook .....

10 Top Tips for Success

Fill in your details and download it now