According to the psychological theory of the "hedonic treadmill": As a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness As a person make more money, they encounter more problems As a person makes more money, they increase proportionately in happiness None of the above
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This means that as their income increases, they start desiring and expecting more things in life. However, this does not result in a permanent gain in happiness because once they achieve those desires and expectations, they quickly adapt to them and start desiring Show more…
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