There’s more to life than money

Rich or poor, it’s always nice to have money”

There’s more to life than money (for some) | vox - Research-based policy analysis and commentary from leading economists:

We offer three hypotheses:

Hypothesis 1: People with relatively low financial wellbeing have relatively low risk-aversion.

Hypothesis 2: People with relatively low financial wellbeing have relatively low loss-aversion.

Hypothesis 3: Competitive and status-seeking people are less risk-averse and less loss-averse than people who are less competitive and less status-seeking.