Michael I. Norton, 08.26.10, 09:00 AM EDT
Forbes Magazine dated September 13, 2010
Does money buy happiness? We certainly behave as though it does, spending most of our waking hours pursuing it. If only we got that raise, owned that second home, third car or 3G iPad, things would be better, we tell ourselves. We would finally be happy.
Truth be told, people drastically overestimate the impact of changes in income on their well-being.