Not to be contrary, but the last line of the summary in the wiki article is:
The hedonic treadmill viewpoint suggests that wealth does not increase the level of happiness
I would infer from that, that increased wealth has increasingly diminishing returns after a certain point.
I did try to follow the link, but Investopedia broke it on their end and I can’t seem to find it (aside: wooof, that is a bad layout). Any good sources for me?
You’re right, I was off on a weird thing. Was thinking about the skew between mean and median indicating this or that, but starting in median keeps us in population counting territory. I was just wrong. Derp.
I mean, cost of living is higher than america than other parts of the world and other parts of the world have state-funded security programs that take some of the anxiety away from living.
Here in (western) europe I’d wager at half of people (including me) are insulated from “poverty induced misery”. There are an awful lot of stupidly big and expensive cars on the road.
Am I glad that ~400 million (200 mill in north america, 100 mill in europe, 100 mill everywhere else) people now live in that state of relative freedom? absolutely, but it is depressing to think about what a minority of humanity it really is.