Yes, and it's intentional. Rich people don't need happy people. They need drones to do their biddings. Happiness? Dreams? Building a better future for your kids? That does nothing for your masters and is therefore unwanted and systemically suppressed.
As long as we live as serfs for the 1% happiness is something you have to fight for not something you can achieve by doing what you are supposed to do.
Society currently works against us.