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More Money Equals More Problems - Do You Agree?

Janvi Bhambri
Janvi BhambriUpdated On: October 13, 2016 08:21 pm IST
Money is considered a solution to our problems but is it the root to all evils too? Read to know how!
More Money Equals More Problems - Do You Agree?

Money is considered to be a (practical) solution to almost all your problems and lack of money is considered to be the root of all evil. But how much of it is true?

According to research, two things: Money and education play an important role in framing one’s life. Usually, the number of degrees you acquire is directly proportional to the salary you get, i.e more the number of degrees you will have, higher will be your salary. Not only this, stats show that people with both money and education tend to live a rather healthier, longer and less monotonous life as compared to the ones who don’t.

Also Read: Management Consultant: Career, Education Qualification, and Jobs

But one must not forget, with great power comes great responsibility and it does not come alone, it brings along the complementary stress! Does that mean people with higher salaries have to deal with more stress than those employed at lower salaries? Let's find out!

(Image courtesy: comedy central)

In a recent survey conducted by Penn State University researchers, around 122 workers living in the northeast US city were given Palm Pilots (a mini hand-held computer) to carry with them to their job. The motive of the researchers behind this was to measure the stress levels of the people during their job.

Also Read: 10 Cool Government Jobs That Will Change The Way You Look At ‘Sarkari Naukri’

The task of the palm pilots was to prompt the people to explain how they feel by rating the stress levels and happiness levels. By this way, the researchers were able to gather real-time stress levels of the people rather than asking them about the same at the end of the day.

Once the stats were collected, they were then compared to each other on the basis of various parameters:

  • Stress Levels:

It was noted that people with higher levels of education and incomes were 28% sadder than people with lower income.

  • Happiness Levels:

The final report shows that people with higher incomes were found to be 8.3% less happy than workers employed at a lower income.

Also Read: Five Cool Part Time Jobs in the Field of Entertainment

  • Meeting the demands of the job:

It was found that people with higher income, found it more difficult and troublesome to meet the demands of the job. One of the reasons for the same, explained by professor Scott Schieman of University of Toronto was that people working at higher levels in the organizations have more authority and are stressed about the same most of the times.

  • Stress after office hours:

The study shows that people not only feel stressed during office hours but at home as well. People with lower income face difficulty in paying bills or paying for other amenities which results in stress and tension. It was found that people working at lower levels and earning comparatively less, tended to report more stress at home than at work. In the case of people earning a higher income, stress was reported more in the office than at home.

(Image courtesy: amc)

  • Sources and stress levels:

While people with big salaries and top jobs dealt with more frequent sources of minor stress, the less educated reported fewer episodes yet causing enormous amounts of stress.

Also Read: Top 5 Stress - Free Jobs

Since stress and happiness are subjective feelings, we CANNOT completely agree with these stats as people have the ability express their moods and deal with stress in different ways.

However, what we all CAN agree to, is the fact that money cannot only solve problems, but also increase them. Our modern world has evolved to a point where not having money is less stressful that having sacks of it!! The need of the hour is to prepare and educate the future generation to be happy & content instead of being rich so that they remember the value of things, not the price.

(Image courtesy: MEMECENTER)


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