Finance & Happiness
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Last updated 10:14 PM on 4/23/26
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4 Terms
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Vicious Cycle of poverty
1) high stress —> poor cognitive capacity
2) high lvl of financial illiteracy
2
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Large cultural factors
materialism
3
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Objective $ and happiness
there’s a tipping off point between $ and happiness
4
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Hedonic Adaptation
ppl get used to have new stuff, developing a new standard / status quo