Annotated Bibliography

Ashlyn Beasley

Ms. Hans

English 111

30 Oct. 2015

Annotated Bibliography

Research Question: Why does money have such an impact on our happiness?

1. A Song

Mars Bruno. “Billionaire.” Youtube. 6 May. 2015. Web. 6 Oct. 2015.

<https://www.youtube.com/watch?v=8aRor905cCw>.

In Bruno Mars song “Billionaire” he explains how he would love to be a Billionaire and how we would buy all the things he never had. As humans we dream of having this big life and big dreams that require a lot of money. We all dream to be billionaires. That is practically what we live and work for every single day. The song inquired that one could spend money for the good. Provide money by helping others and serving the community.

2. Google Search

Williams, Geoff. “Can money buy happiness?” USNews. 19 Feb. 2015. Web.

8 Oct. 2015. <http://money.usnews.com>.

This news article, “Can money buy happiness?”, describes different ways that money can provide happiness. The author briefly describes that money can buy happiness for experiential goods or either material goods. Also stating that one can get more satisfaction out of purchasing clothes or a new electronic device than going to the movies or going on a skiing trip. The happiness provided by money, which is used to purchase a vacation or an item of some

kind, does not last forever. A memory can last a lifetime but the satisfaction of that purchase may only lasts for a short period of time. The author states “The boost we get from spending on ourselves quickly disappears.” (Williams, 2012) Another way the article describes happiness would be purchasing something for someone else. The author quotes “Numerous studies have shown that if you really want to be happy, you’d do well to spend your money on other people – not yourself” (Williams, 2012) The main point in the article would be that no matter the purchase, happiness and satisfaction does not last forever.

3. NC Live Article #1

Pelletier, Jillian. “”Money Does Not Buy Happiness”: Using the Sociological Imagination to Move

Beyond Stressful Lives.” Human Architecture 7.3 (2009): 173-80. ProQuest. Web. 10 Oct.

2015.

This article written by Jillian Pelletier is focused on her own sociological imagination to describe the role of money, materialism, and media as of how they create stress in her own life. Pelletier states “Some people believe that having more money and things will give them more happiness, although the exact opposite is true. Studies have shown that there is no positive correlation between money and happiness.” (Pelletier, 2009) Also stating that people who have higher income are not any happier than those with average incomes and they may even be more stressed. Some people feel the need to spend money on current trends such as a new phone or handbag to make themselves happy. It can be a negative thing also, as described in the article, “The film Affluenza , chronicles this social disease and the types of negative affects that it is having on our society. Affluenza causes more pollution; people’s lives become revolved around maintaining things; people are forced to work more to get what they want and remain under

constant pressure to have the “right” stuff.” (Pelletier, 2009)

4. NC Live Article #2

Miron-Shatz, Talya. “”Am I Going to be Happy and Financially Stable?”: How American Women Feel

when they Think about Financial Security.” Judgment and Decision Making 4.1 (2009):

102-12. ProQuest. Web. 13 Oct. 2015.

In this article written by Talya Miron-Shatz, it explains the financial security, income, well being, satisfaction and happiness that one can receive. “In past research, women have appeared to experience more negative emotion than men regarding financial matters; women worry more about financial services, investments, and financial risks.” (Miron-Shatz, 2009) Women are more planned and organized with priorities. Women do not want to be stressed, they just want to be happy. Within this article there was a study done on women describing the results of their well being involving financial matters. Many people plan for their future to be full of happiness and success. One of the studies defined that women tend to think about their future satisfaction for retirement. “Some women worried about having to work even when they reached retirement age, while others worried about making ends meet. Incorporating financial issues in one’s image of the future was associated with lower satisfaction regarding thoughts about the future, and with lower life satisfaction, relative to those who did not think about money.” (Miron-Shatz, 2009)

5. A Book
Baker, H. Kent, and Victor Ricciardi. “Money and Happiness: Implications for Investor Behavior.”

Hoboken, NJ, USA: John Wiley & Sons, Inc153-169. 2014. Web. 14 Oct. 2015

This chapter discusses the term on money and the term of happiness and combining those in the meaning of life. The author stated “The research literature on money and happiness suggests that money is important for achieving happiness.” (Baker, 2014) Money helps one purchase the things they need or want for happiness or for some type of satisfaction. There are some downfalls to happiness involving money. “Although, both unemployment and inflation decrease happiness, the negative impact of unemployment on people is more painful than that of inflation.” (Baker, 2014) When one is unemployed, they receive no income to provide for their family or pay their bills. Money makes the world go round, we need it to survive or either to make a living.

6. Website

Becker Joshua. “9 Stress-Reducing Truths About Money.” Becoming Minimalist. 26 Feb. 2014.

Web. 13 Oct. 2015.

<http://www.becomingminimalist.com/rethink-money-and-breathe/#comments>.

In Joshua Becker’s blog, he states facts and even provides 9 stress-reducing thoughts about money. Many americans have a problem with their money and how they use it. “According to a recent survey, 71% of Americans identify money as a significant cause of stress in their lives.” (Becker, 2014) He stated that many families live paycheck to paycheck and have high debt rates. People need to manage their money wisely or it can cause serious debt in the future. In the 2nd paragraph out of the 9 stress-reducing truths about money, the author states “Some of the most joyful people I know are far from wealthy and some of the wealthiest people I know are far from joy,” (Becker, 2014) indicating that money doesn’t always necessarily make one happy.

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