A widely-taught split of what determines happiness — and a genuine caveat about the numbers.
Based on the happiness pie chart from research by Sonja Lyubomirsky, Kennon Sheldon and David Schkade.
The original research proposed that happiness is roughly half set point, a small part circumstances, and a substantial part intentional activity — the things you choose to do.
The 2005 paper by Lyubomirsky, Sheldon and Schkade proposed a split often drawn as a pie: around 50% genetic set point, around 10% life circumstances, and around 40% intentional activity.
The business reading is the last slice. If a meaningful share is down to what you deliberately do — relationships, purpose, progress, exercise, gratitude — then it is actionable rather than fixed, and circumstances matter less than people assume.
The circumstances figure is the counter-intuitive one: income, house and job title move the needle far less, and far less durably, than expected. That is worth knowing before you spend five years chasing one.
The specific percentages have been challenged, including by Lyubomirsky herself, who has said the pie chart was a simplification that took on a life of its own. Treat the direction as sound and the numbers as illustrative.