21min chapter

The Long View cover image

Meir Statman: ‘The Biggest Risks in Life Are not in the Stock Market’

The Long View

CHAPTER

The Interplay of Wealth and Well-Being

Exploring the impact of wealth on happiness, the chapter analyzes the plateau of emotional well-being at $75,000 annually and the continued rise of evaluative well-being with income. It discusses how wealth influences social connections, midlife well-being declines, and the dynamics of making upward social comparisons for personal growth and success.

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