The greatest financial ability is to be able to be flexible and adapt. Seems like our economy and world is changing more rapidly every day
Thank you for the reply, John. In practice, the best living standard can calculated based on a max year of life. Hopefully, that is 110 for you!
Broadly consistent, I think, with Friedman's permanent income hypothesis. The challenge (for me, at least) is that the end date of my life is unknown.