This is Motleyful Answers. I'm Alison Southwick, and I'm joined as always by Robert Better Than an Ivy League educated Brocamp.

Well, thank you. Such a nice compliment, I guess.

This week we're joined by Ron Lieber to discuss his new book, The Price You Pay for College,

an entirely new roadmap for the biggest financial decision your family will ever make.

All that and not GameStop because we're saving it for next week with Morgan Housel on this

week's episode of Molly Ful Answers.

So, Allison, what's up?

Well, bro, as the old adage goes, money can't buy happiness.

I mean, just look at the 2010 Princeton study by economist Angus Deaton and psychologist Daniel Connaman.

They found that happiness goes up the more you make, but it plateaus once you get to about 75,000 in income.

Doesn't matter how much you're going to make

after that, your happiness just really doesn't improve that much. There were a couple takeaways from

this, dare I say, landmark study. One being that once you have the basic necessities in life,

more doesn't make you much happier. And the other takeaway being that the wealthier you are,

the more you compare yourself to the Joneses and are ultimately left jealous and wanting to keep up.

I mean, look at Richard Corey. He owned one half of this whole town. But was he happy? No.

Now don't you feel better? So enjoy working in his factory.

But then Wharton's Matthew Killingsworth had to come along with his

study just this last month and restore that feeling of Gluckshmurs. Yes, the Germans have a word for

feeling bad about the good fortune of others. Killingsworth collected 1.7 million data points from more than 33,000 participants who provided

in the moment snapshots of their feelings during daily life. So essentially it was an app,

it would ping them throughout the day and ask them, how are you feeling right now? And this measured

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