“…Various researchers have cited Maslow's theory of hierarchy of needs to explain the strong association between economic status and subjective well-being as well as the diminishing marginal effect of economic status on subjective well-being as income and wealth increase [55][56][57][58][59][60]. Several studies have demonstrated that households expressing dissatisfaction with the availability of food, housing, hygiene, health services, or clothing report significantly lower subjective well-being, on average, than do households whose basic needs are reported to be satisfied [57,59,61,62].…”