Life happenings falling in the domain not related to money such as serious disability, marriage, and divorce leave a permanent or long lasting impact on the happiness of any person, this does not totally states that whether a person is above or below a set-point provided by personality and Genetics. In America the reported felicity or happiness 5 years ago is by no means comparable to recent state of well-being.
According to Richard A Easterlin the psychologists' set point model to measure happiness is questionable. And social survey data also brings us to the same conclusion. The betterment achieved ...