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Can experiencing the best that life has to offer undermine one’s ability to savor everyday joys? This question arises from one of the most puzzling findings in well-being research: that objective life circumstances explain little of the variance in individual happiness levels (Lyubomirsky, Sheldon, & Sch-kade, 2005). In particular, income appears to have a surpris-ingly modest impact on happiness (e.g., Aknin, Norton, & Dunn, 2009), especially in wealthy societies (Diener & Oishi, 2000; Veenhoven, 1991). Although a number of explanations have been proposed for the weakness of the money-happiness relationship (e.g., Dunn, Aknin, & Norton, 2008), one of the most intriguing—but untested—explanations lies in what Gilbert (2006) termed the experience-stretching hypothesis. According to this perspective, experiencing the best things in life—such as surfing Oahu’s famous North Shore or dining a