The relationship between money and happiness is ccomplicated. Higher income is related to people's overall life satisfaction but not moment-to-moment happiness.
Higher income is more consistently linked to how individuals experience happiness than how intensely happy each episode is. It means income is associated with happiness frequency but not happiness intensity.
People who have different incomes have didifferen types of happiness-promoting leisure pursuits in which they engage. For instance, wealthy individuals engage in more active leisure pursuits such as praying, socializing and exercising while non-wealthy individuals engage more passive leisure pursuits such as watching TV,napping and resting. This may be one of the reasons why money is associated with elevated levels of well-being.
