Research has been done on subjective well-being (and overall life satisfaction) that suggests that our income satisfies us only when we make more than others.
In recent years, some economists have focused on happiness and other measures of subjective well-being that aren't fully captured by traditional gauges of wealth and income.
Isolation, loneliness and low social status can harm a person's subjective sense of well-being, as well as his or her intellectual achievement, immune function and health.