George F Will wrote a good enough column recently in the Washington Post reviewing "The Progress Paradox" which made some good points. Can't vouch for the book since I haven't read it, but here is part of the article:

"American life expectancy has dramatically increased in a century, from 47 to 77 years. Our great-great-grandparents all knew someone who died of some disease we never fear; as recently as 1952, polio killed 3,300 Americans. Our largest public health problems arise from unlimited supplies of affordable food.

The typical American has twice the purchasing power his mother or father had in 1960. A third of America's families own at least three cars. In 2001 Americans spent $25 billion -- more than North Korea's GDP -- on recreational watercraft.

Factor out immigration -- a huge benefit to the immigrants -- and statistical evidence of widening income inequality disappears. The statistic that household incomes are only moderately higher than 25 years ago is misleading: Households today average fewer people, so real dollar incomes in middle-class households are about 50 percent higher today. Since 1970 the number of cars has increased 68 percent and the number of miles driven has increased even more, yet smog has declined by a third and traffic fatalities have declined from 52,627 to 42,815 last year. In 2003 we spent much wealth on things unavailable in 1953 -- a cleaner environment, reduced mortality through new medical marvels ($5.2 billion a year just for artificial knees, which did not exist a generation ago), the ability to fly anywhere or talk to anyone anywhere. The incidence of heart disease, stroke and cancer, when adjusted for population growth, is declining.

The rate of child poverty is down in a decade. America soon will be the first society in which a majority of adults are college graduates.

And so it goes. But Easterbrook says that such is today's "discontinuity between prosperity and happiness," the "surge of national good news" scares people, vexes the news media and does not even nudge up measurements of happiness."