@Foofie,
Yes, there might be some truth to it that the higher the expectations, the
lower the feeling of happiness. However, having a feeling of contentment
not necessarily translates to lower standards, it is the acceptance of your own
life and its circumstances.
What you personally feel is your choice, but please do not speak for the
"western society" in general, as you as non traveled New Yorker have no idea
what's outside your peripheral vision.