“As economists have repeatedly shown, well-being rises with income at low socioeconomic levels because it alleviates the problems of poverty. People can erase calorie deficits, educate their kids, and go to the doctor—in other words, they can lower their unhappiness. Even if you live above the poverty line in a rich country, you might have experienced this sort of transition in early adulthood. When I could finally afford to see a dentist at age 25 after ignoring my cavities for six years, it was a huge relief. (My lack of dental care might also have been partly due to misplaced spending priorities, however—I don’t recall ever being without cigarettes during those lean years.)”
How to Buy Happiness
https://www.theatlantic.com/family/archive/2021/04/money-income-buy-happiness/618601/
via Instapaper
How to Buy Happiness
https://www.theatlantic.com/family/archive/2021/04/money-income-buy-happiness/618601/
via Instapaper