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Josh Brown: Three Reasons You’re Never Satisfied

FYI: Michael Batnick and Ben Carlson were talking about a new study they’d read at The Atlantic about how no one is happy with the amount of money they have, up and down the scale. The conclusion of the piece is that pretty much everyone says they’d be contented if they only had 2 to 3 times more wealth.

Now, of course, for people who don’t know where their next meal is coming from, this is a ludicrous proposition, but talk to those same people a year after winning a million dollar scratch off and I’d bet they’d still be grateful, and yet strangely unsatisfied like everyone else.

It’s called Baseline Happiness, which I’ve written about before. People adjust to their new reality, up or down, relatively quickly. It’s a survival mechanism that had been necessary for the species since our time on the Savannah.
Regards,
Ted
https://thereformedbroker.com/2018/12/17/three-reasons-youre-never-satisfied/
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