There are two thresholds.
Below the lower threshold, you have to worry too much about money to just get by. Unfortunately, too many people live below this threshold. Even in rich countries.
Below this level, it is difficult to be truly happy, as your life is filled too much with money worry.
Above the upper threshold, all you basic and not so basic needs are covered and more money does not buy you much in terms of happiness.
Of course, these thresholds are very individual. The lower your thresholds are, the freer you are.
Both marketing and general enshittification from late stage capitalism are trying to push both of these thresholds up.
On the other hand, the society should strive to get most/almost all people above the lower threshold. Both by pushing the expenses of basic needs down (education/health care/public transport), and by creating environment for easier earning (good economic environment for entrepreneurship, antitrust regulation, minimal wages, unions, social assistance). Well, at least most countries see it that way. US has a slightly different take ...