The resilience of Western economies to recent oil shocks has been remarkable.

Political feelings are much less independently chosen than people realize. Children mold their parents.

What you have in the bank, according to the data, does not matter all that much. What really matters is the gap between what is there and what you think you ought to have. Millionaires can feel relatively poor.

We thought we'd see some income effects.

Recent research suggests that regularly seeing good friends in the local park will bring a greater boost to mental health than having a shiny German automobile parked outside your retirement home. My candid advice to aging Americans would be to use your hard-earned cash to invest much more in friendships than in material items.

I have about concluded that wealth is a state of mind, and that anyone can acquire a wealthy state of mind by thinking rich thoughts.