Happiness is a relative term. Although there are many who associate happiness with wealth, there are some others who believe that other non-monetary factors can also give happiness. I believe that wealth is essential for living a happy life but there are other factors which contribute equally.
Some people believe that happiness directly depends on economic status. Being wealthy, people can make their life comfortable and convenient. It is sensible to say that the people, who achieve economic success, can have enough money to afford higher living conditions such as better accommodations, medical treatments, which are all indispensable for a happy life.
However, others think that instead of money, a well-knit family and hearty social relationships play a pivotal role to make a person happy. For instance, one may have a lot of money but if there are no cordial relations among family members, they can never be happy. In fact, too much wealth can lead to stress in life if children go astray because of that wealth.
According to my point of view, earning a vast amount of money gives individuals a sense of fulfilment. People have become materialistic and compare with others by buying luxurious products such as luxury cars, branded clothes to satisfy their vanity. However, all this has no value when the person does not have good health to enjoy that wealth or he has no one around to share his financial success.
In conclusion, I assert that economic success is essential but opulence alone does not ensure a harmonious life. People need both money and other factors like healthy body and good relationships with others to have a happy life.