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The Guardian - UK
The Guardian - UK
Comment
Eleanor Margolis

The hill I will die on: Yes, money can buy you happiness – if you spend it right

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When wages have stalled for nearly 20 years and I recently came face to face with a tube of toothpaste that was nearly £7 in my local Sainsbury’s, the idea that money can’t buy happiness seems almost offensive. It ultimately comes from a blinkered concept of what money can do. Sure, if you only use your money to buy things, the happiness it provides will be shallow and fleeting.

Having said that, I refuse to believe there’s a single person out there overpaying on rent who wouldn’t be happier if they owned a house outright. Loosely speaking, yes, Rolexes and rare Labubus have nothing on, say, spending quality time with the people you love. But sadly, the latter costs money, too. Free time is part of a growing number of basic human needs that have become more or less commodified, and under whatever wacky stage of capitalism we’re currently at, more money equals more time to pursue your interests and ultimately find meaning in life.

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