Financial wellbeing: Does more money make us more happy?

Chris Budd explores the accumulation of wealth

clock • 4 min read

The Institute for Financial Wellbeing (IFW) is a community of financial services professionals interested in our relationship with money. In this month’s financial wellbeing column, founder Chris Budd explores the accumulation of wealth

Over the many years that I have been talking about the relationship between money and happiness, one question crops up over and over. It is this: Does more money make you more happy? I've asked this question of many people. Some say they intuitively feel that, after a certain point, we don't need more money to be happy. Others have claimed that I must be mad if I think that rich people aren't happier than poor people. A third section points out that I should try telling someone forced to use a food bank that money doesn't matter. All these points are valid. This is because the world i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers urged to prioritise mindset over products in retirement planning

Advisers urged to prioritise mindset over products in retirement planning

Defaqto conference panellists urge shift to service-led, goal-driven strategies

Sahar Nazir
clock 02 May 2025 • 1 min read
PA360: 'Clients crave certainty, not solutions' – advisers urged to listen harder

PA360: 'Clients crave certainty, not solutions' – advisers urged to listen harder

‘Are you really listening to your clients?’

Sahar Nazir
clock 02 May 2025 • 2 min read
PA Asks: Should the cash ISA limit be cut?

PA Asks: Should the cash ISA limit be cut?

Plus, which business leader inspires you, redundancy cover and NFTs

Professional Adviser
clock 02 May 2025 • 1 min read