1min snip

Clearer Thinking with Spencer Greenberg cover image

Does simply giving people money truly enable them to escape poverty? (with Miriam Laker)

Clearer Thinking with Spencer Greenberg

NOTE

Maximize Impact by Minimizing Wealth

Wealth has diminishing returns on happiness; small amounts substantially benefit those with lower incomes. The happiness derived from money increases logarithmically, meaning that for the wealthy, additional funds yield minor increases in satisfaction. In contrast, individuals at lower income levels experience significant improvements in quality of life with relatively small financial assistance. Ultimately, individuals who have maximized their happiness through money may find further fulfillment by aiding those in greater need.

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