It might not feel like it, but there’s a good chance you are richer than 99% of the world.

The hedonic adaptation theory suggests that humans quickly revert to a stable level of happiness after any positive or negative life changes. For example, you might be pleased with a raise for a while, but it will soon become the new norm, wiping away any gains in happiness¹. While generally comparing yourself to others is a bad idea, it’s a great way to put your financial well-being into perspective. So, how rich are you really?

The definition

Merriam-Webster defines rich as “having abundant possessions and especially material wealth.” It’s a good dictionary definition, but it’s somewhat lacking in specificity. …

About

Ernesta Orlovaitė

Bookworm (but I sometimes go on real adventures) · Obsessive thinker · Inconsistent writer · “You live and learn. At any rate, you live.” — Douglas Adams

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