446: The Wealth Thermostat

Published: July 21, 2024, 8:55 a.m.

The idea that individuals gravitate towards their perceived financial worth can be observed in various real-world scenarios. Consider the case of lottery winners. Research has shown that a significant percentage of lottery winners eventually revert to their pre-lottery financial status within a few years.\xa0 Despite the sudden influx of wealth, these individuals often lack the [\u2026]