Another recent study is worth considering. In "Income and emotional well being: a conflict resolved," Mathew Killingsworth of the University of Pennsylvania, Daniel Kahneman of Princeton and colleagues essentially conclude that money indeed can buy happiness, but mainly for already happy people.
Using complex methods to resolve a contradiction between earlier studies, the researchers write that there exists "an unhappy minority" of people, and within that population "unhappiness diminishes with rising income" but only "up to a threshold [about $90,000 a year]." Above that, measures of contentment don't much change in this population no matter how rich individuals are.
Meanwhile, the researchers write, "in the happier majority, happiness continues to rise with income even in the high range." In short, the kind of people who are upbeat on modest incomes are even happier with obscene incomes. They have the sort of "continual feast" scripture promises because, apparently, in Stein's phrase, they know where to shop.
If each of us is stuck in a narrow emotional range, it may be some comfort to remember that it's nothing new. In their 2021 book "Why We Are Restless: On the Modern Quest for Contentment," Furman University Profs. Benjamin Storey and Jenna Silber Storey explore the views on happiness of four French thinkers going back 500 years.
Michel de Montaigne, Blaise Pascal, Jean Jacques Rousseau and Alexis de Tocqueville disagreed about whether it was possible to find what Montaigne called "imminent contentment" — here and now satisfaction with ordinary life — as opposed to striving for transcendent enlightenment or heroic achievement.
Only Tocqueville saw America, in 1832, and he saw it as the first real-world experiment in a social order focused mainly on the average person's "pursuit of happiness."