The ultimate question though is how do you stay in the present?Īilsa asks me what I do to find myself in the present. This is problematic because it’s in the present that we find happiness. If our achievements don’t make us happy, what does? How do I become a happier person if achieving my goals doesn’t do it for me? In my search for answers, I enlisted the help of psychotherapist and author, Ailsa Robson.Īfter introducing her to my obsessive need to create goals Ailsa tells me I likely do this in an attempt to escape present day reality. This was enough to send me into an existential crisis. The paradox suggests that although money can buy happiness up to a certain point, it doesn't guarantee long-term happiness.Essentially, I’ve been running on a treadmill my whole life, towards this unnameable goal that will never make me happy. This is known as the Income-Happiness Paradox. In fact, studies have shown that beyond a certain point, increased wealth has little effect on overall life satisfaction.
This means that although money can make life easier, it doesn't necessarily lead to long-term happiness. This also works in the opposite way if someone experiences a negative event, like losing a job or experiencing a breakup, they will initially feel unhappy, but eventually, they will adapt to the new circumstances and return to their baseline level of happiness. For example, when someone gets a raise or a promotion at work, they may initially feel happier, but eventually, they will adapt to their new income and the boost in happiness will fade away. This theory suggests that people have a natural tendency to adapt to changes in their lives, both good and bad. The Hedonic Treadmill is a concept in psychology that explains why people often feel like they are on a never-ending treadmill when it comes to happiness. In this blog post, we will explore the relationship between money and happiness, including the Hedonic Treadmill, the Income-Happiness Paradox, and the Social Comparison Theory. It's no secret that money can make life easier and more comfortable, but does it truly bring happiness? The answer to this question is far more complicated than a simple "yes" or "no". Money and happiness are two concepts that are often closely associated with each other.
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