"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery"
There's a line you cross - maybe call it "enough" - that has an enormous psychological effect on our well-being.
I think there's a similar sort of effect with the economy. If the economy is good, people (top to bottom) make positive plans for the future, spend with certainty, relax and sleep well.
Somehow, this reminds me of David Coperfield:
"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery"
There's a line you cross - maybe call it "enough" - that has an enormous psychological effect on our well-being.
I think there's a similar sort of effect with the economy. If the economy is good, people (top to bottom) make positive plans for the future, spend with certainty, relax and sleep well.