Finance · Home Life · Spirituality

Watch Out: The Hedonic Treadmill

You may be or have been in a position like this: you’re earning a good living, much more than most of the world (~50% of which live in poverty), but still you’re living paycheck-to-paycheck, never seeming able to get ahead, save money, or pay off debt. How can that be?

One possible culprit: the hedonic treadmill, the proverbial “keeping up with the Jones’s.” That’s right, you could be doing it to yourself. Great NY Times post on the subject here: dotearth.blogs.nytimes.com/2009/08/31/are-you-on-a-hedonic-treadmill

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