The purpose of economic progress is for future generations to live better, easier lives. This means your grandchildren's baseline lifestyle will seem indulgent or "spoiled" by today's standards. This isn't a moral failure; it's the definition of successful progress over time.

Happiness isn't dictated by your objective situation but by the context you place it in. A Nokia phone is amazing until you see an iPhone; poverty is a state until you see wealth next door. Freeing yourself from constant comparison is key to finding intrinsic contentment.

We often seek a consistently high standard of living, but happiness is most intensely felt as a contrast to a previous, lesser state. A man blind for 46 years found more joy in a drab office carpet than most people find in a perfect sunset, because the contrast was so profound.

While technology enriches the world on an absolute basis (e.g., flight, internet), it also dramatically expands our "comparison set" via social media. This paradox means that seeing others' seemingly better lives can make individuals feel more miserable, despite their own improved conditions.

While technology improves life on an absolute basis, it paradoxically increases feelings of inadequacy. Social media exposes everyone to the lifestyles of the ultra-wealthy, shifting our happiness benchmark from local peers to a global elite and fueling relative dissatisfaction despite objective progress.

Despite living with unprecedented wealth, many in the West feel a 'cost of living crisis.' This is because human happiness is dictated by a narrow frame of reference—we compare ourselves to our immediate peers, not to the global population or to past generations. Our sense of well-being is relative, not absolute.

A major source of modern anxiety is the tendency to benchmark one's life against a minuscule fraction of outliers—the world's most famous and wealthy people. This creates a distorted view of success. Shifting focus to the vast majority of humanity provides a healthier perspective.

Pleasure is derived from the contrast between your current state and a previous one. A person eating Michelin-star meals daily gets less enjoyment than someone who eats stale bread one day and a good meal the next. When everything is consistently great, nothing feels great because the necessary contrast is missing.

Happiness is the gap between reality and expectations. Even in a world of immense progress in wealth and health, people may not feel better off if their expectations rise faster. Appreciating nothing despite objective improvements is, as Morgan Housel describes, a tragic way to live.