High income improves evaluation of life EssayThe premise that “Money buys happiness†is a one that is misconstrued by many in the pursuit of happiness.The perspective that having money creates happiness has been assessed by many from timely memorial but alas studies have shown that it is relative to the status and class of the individual and also the amount of money which one earns or possesses.Happiness can be defined as the state of mind or emotions based on a particular circumstance and feeling at a particular time. There are different interpretations of happiness. Contentment is a state of happiness and satisfaction or ease of mind.The well-being of an individual is a reflection of happiness and can be assessed by the subjective and emotional well-being of that individual.Money can be classified as an asset, property or resources owned by an individual or just currency which can be used to purchase goods and services.Subjective well-being is defined as a person’s cognitive and affective evaluations of his or her life.