What is the relationship between wealth and happiness?

The relationship between wealth and happiness is complex; while a certain level of income can alleviate stress and provide access to basic needs and opportunities, beyond that threshold, the correlation tends to diminish. Studies suggest that factors such as social connections, personal fulfillment, and mental well-being play a more significant role in long-term happiness. Ultimately, while wealth can contribute to happiness, it is not the sole determinant, and true contentment often stems from meaningful relationships and personal achievements.