The truth is that relative income is not directly related to happiness. Nonpartisan social-survey data clearly show that the big driver of happiness is earned success: a person's belief that he has created value in his life or the life of others.
Experienced happiness refers to your feelings to how happy you are as you live your life. In contrast the satisfaction of the remembering self refers to your feelings when you think about your life.
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Let us never know what old age is. Let us know the happiness time brings not count the years.