--people today are not happier than their (poorer) parents and grandparents were years ago.
Research last year showed that happiness levels depend inversely on the earnings levels of a person’s neighbours. Prosperity next door makes you dissatisfied. It is relative income that matters: when everyone in a society gets wealthier, average wellbeing stays the same.
this is to say that how happy you are depends on how rich your neighbors/peers are. if they get the newest game system and you don't, you will be sad. if you start to earn more money than them, you will be happy. we compare ourselves with other people to find out if we're actually happy.
i already have this research, but this just backs it up more.
p.s. andrew oswald is an economics professor at warwick university
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