Sentences to ponder

Recent research by economists Amy Finkelstein, Erzo Luttmer, and Matthew Notowidigdo suggests that you’ll get a bigger bang for your consumer buck by spending while you’re healthy, before old age starts to take the fun out of life’s indulgences.

Here is more.  I worry about the asymmetry between gaining happiness and avoiding pain.  Surely money for the young is better for the former but how about the latter?


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