Does money buy happiness? It depends on the context

Ilka Gleibs explains how the money–happiness link is variable and highly context-dependent. Two studies she conducted showed that both money (individual income) and community (social capital) can be the basis for individual happiness, and that the relative influence of each factor depends on the context. She argues that strong social relations are much more consistent in providing us with well-being and may provide a more stable and enduring basis for happiness