Is There a Trade Off Between Time and Money?

As people get wealthier, they tend to feel more pressed for time. Half of millionaires report not spending any money in a typical month to buy themselves out of the sort of time sucking tasks that they hate to do. Our time has become so valuable, that it's like this very scarce resource. Time poverty can also be a really important source of misery for people at the really low end of the income distribution....