@Chrisb - Thanks for your opinion and I think it does depend on material goods, that’s what I was thinking about. The reason I asked this question is that I asked a couple of my friends a few weeks ago and we got into a good discussion about it. There sure are things that can make one happy, but I think if you take away the material, what happens then? Does the happiness go away or does it stay? That’s what I have always pondered about.
To everyone else, thank you for your comments/thoughts. This is a question I think will always be one of those questions that people will wonder about and never truly know the answer to. It is all depending on who you ask and other factors such as his/her situation, what he/she defines “happiness” as, the list goes on and on.