Does More $ = More Happy? (w/Sir Angus Deaton)

(Originally posted September, 2019...but so worth another listen) Princeton economist and Nobel laureate, Sir Angus Deaton co-authored a famous study concluding that well-being peaks at $75k/year in income. But the results of this research are widely misconstrued and go much deeper than that headline. The first question we wrestle with is "what does it mean to be happy?” We also get into health, opioids, and trout-fishing. A native of Edinburgh, Scotland, Angus Deaton earned his BA, MA, and PhD at Cambridge. Since 1983, he has been a member of the Economics faculty at Princeton University. He has won many awards, most notably the 2015 Nobel Memorial prize in Economic Sciences for his analysis of consumption, poverty, and welfare. In 2016, Deaton joined the Order of the British Empire, named Knight Bachelor "for his services to research in economics and international affairs.”  Check out his latest book on Amazon: Deaths of Despair and the Future of Capitalism Write a Review of Crazy Money (for real - do this!) HERE Follow Paul on Instagram Email Paul at Paul@CrazyMoneyPodcast.com