I recall an article in The Economist a few years ago that highlighted a Harvard study about student's attitudes towards wealth.
The question was this; would you rather:
a) make $100,000 a year when your friends made $200,000
b) make $50,000 when all your friends made $25,000
Of course this presents a false choice, as the study did not ask if they would be content to make the same amount of money as their friends. Nevertheless, the answer is instructive. By a margin of 4 to 1, the students chose B.
The moral of the story is self-evident as far as I'm concerned..
The moral of the story is self-evident as far as I'm concerned..
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