Money can buy happiness to some extent, as it can provide access to basic needs, such as food, shelter, and healthcare, which are necessary for overall well-being. Having enough money can also reduce stress and worry, which can contribute to happiness.
However, beyond a certain point, more money does not lead to more happiness. Research has shown that once basic needs are met, the relationship between money and happiness becomes weaker. People who have more money than they need to meet their basic needs may find themselves in a state called "hedonic adaptation," where they quickly become accustomed to their new level of wealth and it no longer brings them much happiness.
Additionally, the way people spend their money can have a big impact on their happiness. Research has shown that people who spend money on experiences, such as travel or classes, tend to be happier than those who spend money on material possessions. Additionally, people who spend money on others, such as giving to charity or buying gifts for friends and family, also tend to be happier than those who spend money solely on themselves.
Overall, money can buy happiness to a certain extent by providing access to basic needs, reducing stress and worry, but it's not the only factor that determines happiness. People's lifestyle, relationships, and the way they spend their money also play a significant role in overall well-being.