Certainly not. For thousands of years, people have lived without money even existing and they have been happy, or if they weren't happy, it was because of bad health, lack of spiritual and religious fulfilment or loss of loved ones. Being unhappy is OVERWHELMINGLY because of important life problems, like death, bad health, lack of family or friends who love you or lack of religion to give you mental peace, NOT financial status that tingles your ego or allows you to buy things you do not need and which cost a lot more than they should. There are a lot of millionaires who are unhappy because they work too much and miss time with their family, friends or are simply overstressed because of it, and there are a lot of poor people who have families they love who are happy. And to give a quantifiable study, "13% of millionaires said they currently had enough money to be completely happy; the vast majority reported they would need their wealth to increase by 500% to 1,000% to reach a "10 out of 10" on the happiness scale". This shows that the rat race is real, and that we're raised to be psychologically addicted to producing income, even those millionaires (who clearly are rich enough to live the life wanted by most of the general population) say they want to increase wealth by 500%, which is ridiculously much for a millionaire, this shows that not even that buys them happiness, because of their mindset of always needing to produce, the material way of life. People who live needing love, religion or friendship often feel happy with less resources and their happiness is way less likely to be taken away (by a loved one's death vs not getting a 500% increase in wealth).