Money can contribute to happiness, but it does not necessarily guarantee it. Research has shown that money can improve happiness up to a certain point, but beyond that, its impact on happiness is relatively small. Once our basic needs are met, such as having adequate food, shelter, and access to healthcare, additional income does not necessarily lead to more happiness.
Instead, factors such as relationships, meaningful work, a sense of purpose, and good health have been found to be more strongly associated with happiness than material possessions. Happiness is a subjective experience that is influenced by many factors, including genetics, personality, and life circumstances.
In summary, while money can be important for meeting our basic needs and achieving certain goals, it is not the sole determinant of happiness. Happiness is a complex and multifaceted experience that involves many different aspects of our lives.