Consumption Smoothing is Stupid
Consumption smoothing is using debt and savings to ensure a constant level of spending throughout your life. It's a bad idea. Don't do it.
Consumption smoothing is using debt and savings to ensure a constant level of spending throughout your life. It's a bad idea. Don't do it.
The Hedonic Treadmill can make you feel poorer despite spending more and more every year. This article will help you see if you are on it, and what you can do to get off it.