We've all read the studies that show that beyond a certain income level, wealth has little effect on happiness. But according to recent research, the reverse seems not to be the case. Happiness levels do seem to have an impact on peoples' savings habits, with happy people saving more money than the rest. Intuitively, this makes sense to me, often when I'm spending money unnecessarily, it's because I'm self-medicating for other areas of my life I'm unhappy with.
The research also showed that people that held a positive view on aging and retirement saved more for retirement than those with a negative view. Again, this makes sense to me, if you are dreading retirement, it would be pretty hard to be motivated to set money aside for it year after year.
More on this topic at my U.S. News post, Happy People Save More Money for Retirement.
After last week's post about finding health insurance in retirement, I received lots of questions about affordable health insurance options. I've put that all together in my post this week at U.S. News, How to Save Money on Health Insurance.
This is a post from Retirement: A Full-Time Job