Identify a true statement about the relationship between wealth and well-being.

Question

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Multiple studies have found that once a person reaches a comfortable income level, more money doesn't bring significant increases in happiness or well-being. This phenomenon is often referred to as the "hedonic treadmill" or "hedonic adaptation," where people quickly adjust to new levels of wealth and seek even more to maintain the same level of happiness. However, there may be exceptions to this trend for people who prioritize material possessions or social status.

Identify a True Statement About the Relationship Between Wealth and Well-Being