Preferences and Living Standards

Inheritance, Bequest, and Income Growth

Today, I am offering three big-ticket scenarios to oil your brains related to living standards and feelings. Feelings? You might be thinking, “In a prior post, weren’t you promoting how to think about data?” Indeed. But when we consider significant magnitude changes to our financial condition, how these changes are experienced will vary by individual. Even more complicated is when spouses, children, and grandchildren are involved.