A prominent economist, Sam Peltzman, has identified an unprecedented decline in American happiness, particularly since 2020. Analyzing the General Social Survey, he found that the percentage of Americans reporting "very happy" minus those reporting "not very happy" has fallen dramatically from a stable +20% to single digits, indicating a fundamental shift in the underlying mechanisms driving national well-being. This unhappiness has significant economic consequences, with Gallup estimating lost productivity due to low employee engagement costing the global economy trillions, and severe health risks associated with social isolation. AI
RANK_REASON Analysis of survey data by a prominent economist on societal well-being.
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