Actually, the latest research I've read on "happiness" indicates that the biggest indicator/predictor of happiness is whether or not one has children, but not in the way one might expect.That basic instinct to reproduce is there for the purpose of avoiding extinction. I think it has just become a habit in society to reproduce, have kids, raise them and nurture them and so on; it's something that makes a lot of people happy.
Those who have children report markedly less happiness and satisfaction in life than those who don't.
The latest of these studies (there have been several) came out only a few months ago; I recall reading about it in the NY Times.
Then again, who really knows what happiness is? Perhaps everyone defines it differently.
Maybe it's possible that parents simultaneously have less happiness in life, but richer, more fulfilling lives.
I do agree that having children is a selfish choice (unless you're doing so only because you believe in reincarnation and wish to provide corporeal homes for disembodied spirits or something).
But "selfishness" doesn't have the same negative connotations for me as it seems to for other people.
I'm very aware of when I'm being altruistic (possibly because I was raised to be aware of it).
And all the rest of the time, I'm being selfish. And that's just fine.
Children and Happiness - Generally Thinking Psychology Blog
A Fertile Criticism of Happiness Research?, Bryan Caplan | EconLog | Library of Economics and Liberty
The Happiness Project: Do your children make you happy? Some research says NO. I say YES.
Kids bring happiness, right? Not always | Ohio Family Law Blog
The Effect of Children on Happiness: The Latest from the Research Frontier, Bryan Caplan | EconLog | Library of Economics and Liberty
Are We Happy Yet? - Pew Research Center
Too tired to do good research tonight; google the terms "happiness research study children" and you'll see lots of references to the numerous studies which point to the conclusion that having children decreases people's overall satisfaction with and pleasure in life.


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