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Economic security is a key component of happiness from "summary" of The Politics of Happiness by Derek Bok
In societies where people feel economically secure, they tend to be happier. This is not surprising, given that financial stability can alleviate many stressors that contribute to unhappiness. When individuals do not have to worry about meeting their basic needs or facing financial ruin, they are more likely to experience contentment and well-being. Economic security provides a sense of stability and control over one's life, allowing individuals to focus on other aspects of happiness such as relationships, personal growth, and leisure activities. Furthermore, economic security can impact a person's sense of self-worth and dignity. When individuals are financially secure, they are less likely to feel marginalized or undervalued in society. This can lead to higher levels of self-e...
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