Parents who are older and who have older children tend to be happier given that they are relatively more mature and financially stable.

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Stevenson and Wolfers also find, a clear role for absolute income and a more limited role for relative income comparisons in determining happiness.

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They also feel less stress, are more fun to be around, are more optimistic, and enjoy their lives more than people who are unhappy.

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Being prepared for the worst case scenario can at least make things a whole lot less chaotic.

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You never know when the unexpected is going to happen, but when it does happen, you’re surrounded by chaos

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