There's an old article on cracked.com that took that concept and shits all of it.

Money CAN buy happiness! Holy shit. If you are poor and have no money at all, what you can do is very limited. I know this. I am far from wealthy, but I am in a decent financial position in my life right now, and the security it is providing me is a lot of comfort.

I remember for many years when I was scrimping for every quarter for laundry and having nothing. I didn't go out and do anything period. I didn't date, meet up with people, or even go out much period save for walks. It sucked. I was reliant on a lot of financial help from relatives, without which I would have been destitute. Once I did get a job that paid something, I spent a fuckload of time just saving up a nest egg (which isn't a lot, but more than what most people have) as a safety measure, but even then I had to scrimp and save. The negative effect is that I feel that many, many years of my life have passed me by without me ever truly experiencing it the way I wanted it when I wanted it.

I wonder how many of those 'poor but happy' people would feel if their car was destroyed and they cannot afford another one or to repair it. Or if they have a medical emergency that forces them out of their current job and now have no income? It is really fucking tough and very delusional.

But wait, you might ask, what about those miserable rich people? Do you remember those middle class depressed goth and emo teens in the mid-late 2000s who often committed suicide or just ranted on about how life was highly unfair and the worst life ever? Or maybe older people driving fancy cars and wearing 10,000$ suits and somehow STILL end up railing on about how life sucks before either ODing on drugs/alcohol or putting a bullet through their own heads?

Well to quote Helen Gurley Brown as quoted in Civilization 6: Money, if it does not bring you happiness, will at least help you be miserable in comfort.