""There was a huge hit. And then it's only a little bit coming back. So when you're all done, there's an unprecedented decline into the whole of the 2020s.""
""The crash was 22.2 percentage points - by far the largest single move in the survey's history. The number of people saying 'not very happy' actually exceeded those saying 'very happy' for the first time ever.""
""It's not just a change. The whole mechanism that's generating the numbers is different. Unless the next wave of data shows a return to the norm, you have to proceed on the assumption that the world is different.""
""Gallup estimates that low employee engagement costs the global economy $8.9 trillion in lost productivity annually, with unhappy workers generating higher absenteeism, turnover, and lower-quality output.""
The General Social Survey indicates that Americans are currently at their lowest happiness level in 50 years. Since the pandemic, happiness dropped by 22.2 percentage points, with more people reporting being 'not very happy' than 'very happy' for the first time. Although there has been a slight recovery to +6 points by 2024, this represents a drastic decline from the historical average of +20 points. Peltzman describes this as a 'regime change,' suggesting a fundamental shift in the factors influencing happiness.
Read at Fortune
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