According to research,what is one of the well-known reasons that increases in income don't necessarily bring increases in happiness

Question

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Hedonic adaptation refers to the phenomenon where people quickly adjust to positive changes in their lives, including increases in income, and their satisfaction returns to a baseline level. This means that even if someone's income increases, their happiness may not increase in the long run as they become accustomed to their new level of wealth.

According to Research,what Is One of the Well-Known Reasons That