Asked by Jenna Tippett on Jun 03, 2024

verifed

Verified

Which of the following statements is FALSE regarding wealth and well-being?

A) Money can improve happiness for people during their midlife working years.
B) Those who live in rich countries are happier than those who live in poor countries.
C) The power of more money to increase happiness is strongest at low incomes.
D) People feel as though they can never have enough money.

Midlife Working Years

A stage in adult development typically characterized by employment and productivity, often occurring between the ages of 40 and 65.

Rich Countries

Nations with high gross domestic product (GDP) per capita, indicating significant economic wealth and standard of living.

Poor Countries

Nations characterized by low levels of income, economic activity, and development.

  • Comprehend the linkage between financial status, societal differences, and joy.
verifed

Verified Answer

ZK
Zybrea KnightJun 05, 2024
Final Answer :
D
Explanation :
While it is true that money can improve happiness during midlife working years, and that those who live in rich countries tend to be happier than those in poor countries, and that the power of more money to increase happiness is strongest at low incomes, it is not true that people feel as though they can never have enough money. In fact, studies have shown that beyond a certain point (usually around $75,000 annually), more money does not necessarily lead to greater happiness. Additionally, some people are able to find contentment and satisfaction with their current financial situation, regardless of how much or how little they have.