ABSTRACT

Retirement can be a time of mixed emotions. Retirement can also be a time when we suffer from low moods. Readers might find they experience emotional stress due to a “reconfiguration” of their relationship with their partner and/or children. As human beings we experience a myriad of emotions. Just a few readers might find they are feeling more than usual as retirement approaches. Retirement can also be a time when we suffer from low moods. A study by Lara Aknin and colleagues in the Journal of Positive Psychology found that many people believe that money can buy readers extra happiness. Economist Justin Wolfers shows a strong correlation between income and happiness, but psychologist Daniel Kahneman and economist Angus Deaton found that happiness does not continue to increase above incomes of $75,000 a year. The prices of non-marketable goods, such as friendship or marriage provide greater happiness than marketable goods.