Wealth and satisfaction

As people get wealthy here, they start casting their eyes about, and they don’t get more satisfied. Sometimes they get more dissatisfied. That’s happened in the United States. Right now we have six times the GDP per capita, in real terms, as when I was born. Now, I don’t know whether people are happier now or more discontent or what than they were in 1930. But people have a way of adjusting very quickly to things becoming better, and then any little tiny adjustment downward they can get quite unhappy about.