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Money Makes You Less Sad, But Not More Happy

Part of the answer may lie in how wealth shapes people’s appraisals of the negative events in their lives. Specifically, to the extent that
having more money provides more options for dealing with adversity, wealthier people may feel a greater sense of control than poorer people when difficult situations arise. Coming home to discover a leak in the roof, for example, may be an annoying, but easily resolved stressor for a well-off individual; in contrast, someone who could not afford to have the problem fixed right away might be plagued by this problem for months. The greater difficulty in dealing with such misfortunes may make poor people feel a lack of control over the vicissitudes of life, with greater consequences for sadness than for happiness.

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