Resolved to earn more money in 2023? Richer doesn’t mean happier

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Having access to material comforts and major conveniences can certainly make life more manageable and enjoyable.

Singapore, with the sixth-highest gross domestic product (GDP) per capita in 2022 globally....it was ranked 27th happiest among 146 societies and the second-happiest Asian society in 2022 after Taiwan.

But beyond a certain income threshold, once there are no more material deprivations to soothe, having more money doesn’t automatically translate into greater life satisfaction.

The Kingdom of Bhutan, sometimes referred to as the happiest place in the world because of its unconventional measure of Gross National Happiness, is also among the poorest in the world.

Perhaps these exemplary cases of happiness amid relative deprivation are set in contexts where the great majority in society are also equally deprived, and thus, there is less inclination to keep up with the Joneses..... social comparison drives envy and generates unhappiness. In contexts where there are fewer or no opportunities to compare themselves with others who are financially better off, people feel grateful for their skills and take pride in their accomplishments.

why some high-income societies with visible levels of inequality breed envy and unhappiness....happiness decreased with a higher Gini coefficient.

The hedonic treadmill suggests running endlessly after that rainbow could take the wind out of us. This concept suggests that the more we acquire, the more we desire, leading to an endless cycle of striving and longing.

A 2022 survey on salary and bonus expectations by human resources solutions agency Randstad found that over 40 per cent of workers in Singapore would rather continue working remotely than receive a bigger bonus. 

Qns:

1. How far is the pursuit of happiness the most important human goal? (Cam. 2021)

 2. 'Salary is everything when choosing a career today.' Do you agree? (CJC Promos 2022)