Would your experienced well-being have been higher in 2008 with half-million in income? Would your experienced well-being in 2020 be lower if you were making $100K/yr?
I suspect the answer is yes to both, from which I conclude "2020 was worse across the board by important stability measures that you value, but for any given year, $500K in income is better than $100K."
I suspect the answer is yes to both, from which I conclude "2020 was worse across the board by important stability measures that you value, but for any given year, $500K in income is better than $100K."