Money and Happiness Quiz 1st Period

According to the study by Nobel laureates Daniel Kahneman and Angus Deaton, at what salary level does happiness plateau?

• $75,000

• $50,000

• $150,000

• $100,000

What is the main reason why having a lot of money doesn't necessarily make people happy?

• It results in loneliness

• It causes financial stress

• It creates social isolation

• It leads to more problems

What is the concept called when people are really good at getting used to changes in their lives, especially positive changes?

• Hedonic adaptation

• Golden handcuffs

• Materialistic nature

• Social comparison

According to Dr. Laurie Santos, what are the three things that matter to happiness?

• Material purchases, self-care, and treating yourself

• Salary, job satisfaction, and financial status

• Wealth, success, and status

• Personal growth, connecting with other people, and contributing to the community

What is the main suggestion from the research on how to spend money to increase happiness?

• Spend it on material purchases

• Spend it on experiences

• Spend it on luxury items

• Spend it on self-care products

What is the main reason why wealthy people tend to be less happy according to the text?

• They have more problems

• They experience social isolation

• They have to deal with financial stress

• They feel shame and guilt

What is the main factor that financial therapist Dr. Brad Kahn's suggests for happiness?

• Social comparison and keeping up with others

• Financial success and status

• Personal growth and contribution to others

• Wealth and material possessions

What is the main suggestion from the text on how to use money to increase happiness?

• Invest it in material possessions

• Use it for social comparison

• Spend it on luxury items for yourself

• Give it away to others

What is the main reason why making more money doesn't necessarily equal increased happiness?

• It results in loneliness

• It's how we use it that matters

• It causes financial stress

• It leads to more problems

What is the main suggestion from the research on how to improve happiness?

• Focus on social comparison and wealth

• Focus on personal growth and connection with others

• Focus on material purchases and luxury items

• Focus on increasing your salary