Many people assume that those who live in larger homes, drive luxury cars, and own an abundance of possessions must be happy. But for some, the reality may be that they are using purchases to fill an emotional void.

Money undeniably plays a vital role in our lives. It enables us to meet essential needs — food, shelter and long-term security. But if our basic needs are satisfied, does accumulating more truly enhance our happiness or well-being?

Defining success by the size or cost of your purchases rarely leads to lasting happiness. A new acquisition may lead to temporary excitement, but it often fades, sometimes leaving behind regret.

According to Proceedings of the National Academy of Sciences, income is positively correlated with happiness — up to about $90,000 annually. Beyond that t

See Full Page