How much does money matter to our happiness? This question has been asked with respect to trends at the aggregate level (i.e., the mean level of subjective well-being of the society) and the individual level. Because the present paper is concerned with the latter, we will focus on that literature here (see Diener 2000; Diener and Diener 1995; and Stevenson and Wolfers 2008, for discussion of aggregate trends in happiness).