If time use, stress, and demographic factors could not account for our findings, why does higher income predict lower
sadness but no more happiness? This lack of evidence for a role of a wide range of probable explanations highlights the possibility that wealthier people feel less sad at least in part because wealth can make people feel more in control over negative events (Johnson & Krueger, 2006; Kraus et al., 2009). To the extent that perceived control is associated with feeling less sadness but not more happiness (Roseman et al., 1996), the association between wealth and perceived sense of control could at least partially explain why wealth predicted lower sadness but not higher happiness