https://www.vocabulary.com/dictionary/reification#:~:text=Re....
So if you feel happy (or miserable) it means just that - that you feel happy (or miserable). It doesn't mean that happiness or misery actually exist literally.
One could argue that abstractions "actually exist literally" without being physical. Gravitational fields don't exist physically but do exist and they're a valid abstraction that's useful to measure. Maybe happiness is a phenomenon that could be useful too (though I would say to a lesser extent.)
A little tangential but... even things that we would say exist physically are not on closer inspection. Does a chair actually exist or is it a platonic ideal that we apply to a collection of atoms assembled to form four legs, seat and a back?
And it's intangible nature does nothing to prevent us from measuring or maximizing aggregate happiness.
I'd say happiness exists exactly as much as chairs, in both cases we are classifying what is, in reality, just a collection of atoms, either as a chair or as a happy person, based on some external measurments
Abstractions are critical to human thinking in science. But not only reification is very different, you can't measure happiness even if you want to. You'll always have to go 'happiness as defined ...' or resort to people self reporting their feelings. Which is fine - I always ask my kids how they feel. I just understand that not only kids and adults may change how they feel next hour but that those feelings are unreliable. If you have kids of your own, you know how many 'tragedies' they lived through by the age of 6.