Which of the following best explains why, for those who are not poor, more money buys little more than a temporary surge of happiness?

Question

Quizplus · Accepted Answer

The adaptation-level phenomenon describes the tendency for people to adapt to new situations and return to a baseline level of happiness. As a result, even if someone who is not poor receives more money, they will likely adapt to this new level of wealth and their happiness will not increase much in the long term.

Which of the Following Best Explains Why, for Those Who