Study: Saving for retirement before age 40 could make you miserable
How could the conventional wisdom be so wrong? The paper is centered on the idea that money doesnt always equal fulfillment. Instead, it looks at "total life satisfaction from material consumption," Stanford University professor and one of the papers authors, John Shoven, told Geoff Colvin of Fortune. Shoven explained to Colvin that enjoying savings in the future might not be as satisfying as expected because people are impatient and may not be healthy come retirement time — they might not ev...
John Shoven Priya Malani Geoff Colvin National Bureau Of Economic Research Stanford University National Bureau
Source: businessinsider.com