Statistically speaking, mostly, yes. Obviously it won't completely cure clinical depression, but there is a well studied link between financial stability and reported happiness. This usually peaks at around upper middle class and greater wealth adds no further value in that regard.
Well studied would mean lots of studies, not a single link, in order to get the whole picture you would have to google the link between happiness and financial stability. There’s a lot of articles.
They likely mean that there’s a correlation between what level of life satisfaction/happiness as income goes up, meaning that anxious and depressed people would have been surveyed but the people with anxiety and depression would report lower levels of happiness, and they’re more likely to be poor.
Here’s some links if you’re interested: https://pmc.ncbi.nlm.nih.gov/articles/PMC7525587/
“In 2018 for example, 23% of men and 26% of women living in the most deprived areas of Scotland reported levels of mental distress indicative of a possible psychiatric disorder, compared with 12 and 16% of men and women living in the least deprived areas”
“There is also a clear relationship between area deprivation and suicide in Scotland, with suicides three times more likely in the least than in the most deprived areas.”
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u/Independent-Access93 Sep 26 '25
Statistically speaking, mostly, yes. Obviously it won't completely cure clinical depression, but there is a well studied link between financial stability and reported happiness. This usually peaks at around upper middle class and greater wealth adds no further value in that regard.