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 doesn't always equal fulfillment. Instead, it looks at "total life satisfaction from material consumption," Stanford University professor and one of the paper's 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 even be alive. The college-educated can delay retirement savings The authors constructed a life-cyc...