I remember the old Ted talk with Kahneman, and while it may be fuzzy how wealth and happines scale ttogether, I do subscribe to the opposite, that “lack of money buys you misery”
What money does is buy convenience, and in some degree, status, both of which are important. But doesn't solve everything.
Nor does poverty break everything. There's poverty that's stable and people are fine with their lifestyle, and poverty that induces stress and uncertainty.
E.g. poverty as a guy in some village in a nice little community with not a care in the world, because you have the basics covered, and poverty as in homeless in Chicago, with health problems and frequent encounters with law and people beating you, etc. Not the same.
coldtea|2 years ago
I'd say neither is guaranteed.
What money does is buy convenience, and in some degree, status, both of which are important. But doesn't solve everything.
Nor does poverty break everything. There's poverty that's stable and people are fine with their lifestyle, and poverty that induces stress and uncertainty.
E.g. poverty as a guy in some village in a nice little community with not a care in the world, because you have the basics covered, and poverty as in homeless in Chicago, with health problems and frequent encounters with law and people beating you, etc. Not the same.