Living lagom – challenging perceptions of wealth: a report by Cebr with Barclays
The report further investigates whether the Swedish concept of “lagom” – meaning “just the right amount” – is also applicable to our financial lives. For example, “living lagom” could be interpreted as finding the balance between enjoying a good quality of life today while not letting longer term savings goals slip away. The research finds that applying these principles to our financial lives has the potential to significantly boost happiness and well-being.
The first part of the analysis uses data from the UK Household Longitudinal survey to establish the statistical relationships between reported life satisfaction and a range of financial variables.
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