Does Money Really Buy Happiness? West Texans Weigh In

In a region like Midland–Odessa, where the economy is deeply intertwined with the oil industry, the question of whether money can truly bring happiness resonates profoundly.

When oil prices surge, incomes increase, and new trucks fill the streets of West Texas.

Conversely, when prices decline, the overall mood in the Basin suffers.

This situation creates an emotional seesaw, reflecting a broader truth: while money can certainly alleviate financial stress, it does not guarantee overall well-being.

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Can Money Make People Happy?

According to a 2023 study from The Proceedings of the National Academy of Sciences, happiness does increase with income, but only up to a certain point.

So technically, yes, money can bring happiness.

The research indicated that daily satisfaction generally plateaus within the annual income range of $75,000 to $100,000, sufficient to manage expenses, make provisions for the future, and allow for modest comforts.

Beyond that, increased financial resources do not invariably translate to greater happiness.

For many residents of West Texas, this sentiment holds true: while financial stability can provide relief, it does not necessarily guarantee peace of mind.

Read More: Why Time Seems To Speed Up As We Grow Older

If Not Money, Then What Brings People Genuine Happiness?

A 2024 survey from the University of Texas found that Texans ranked family time, faith, and community as higher contributors to happiness than income.

This could account for the continued popularity of local events, such as Friday night football games and church gatherings, even during economic downturns, or ‘busts,’ as they’re known in Midland–Odessa.