Researchers have spent a great deal of time looking at the link between people’s scores on these types of questionnaires and happiness. The findings are as consistent as they are worrying –high scores tend to be associated with feeling unhappy and unsatisfied with life. Of course, this is not the case with every single materialist and so, if you did get a high score, you might be one of the happy-go-lucky people who buck the trend. (However, before assuming this, do bear in mind that research also suggests that whenever we are confronted with negative results from tests, we are exceptionally good at convincing ourselves that we are an exception to the rule.)
Richard Wiseman, 59 Seconds: Think a Little, Change a Lot, London, 2009, pp. 25-26