Apparently not according to two new research papers. Life satisfaction, yes, but happiness, no.
With one caveat.
You need to have at least $75000 a year.
In fact, the happiness factor seems to increase until you get to that $75000 mark and then it plateaus, even as the life satisfaction ratings continue to go up.
More money may not make you happier but less money does make you unhappier (is that really a big surprise?).
?How Much Money Do You Need To Be Satisfied??