The worth of money isn’t flat. A hundred dollars means a lot more to a poor person than a rich one
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I mean you are also assuming that we only have 1-2 dollars of net worth
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Something like ~$70,000 USD for a family of four signifies the inflection point beyond which money doesn't improve subjective wellbeing, right?
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70k for a family of 4?
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Grain of salt please. The number and size of family were off the dome. Please verify before spreading :P
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And he has been saying for years he would gladly trade all his money to be young again.
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Law of diminishing marginal utility applies to money as well.
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Part of the problem is that he is also 62 years older
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