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10 sats \ 2 replies \ @Coinsreporter OP 26 May \ parent \ on: The Cost of Living vs The Quality of Life BooksAndArticles
It was surprising to me as well when I just noticed both these charts and found that all countries with higher cost of living have higher quality of life as well. Why is there no country that can be frugal for living, yet posses high quality life?
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11 sats \ 1 reply \ @Satosora 26 May
It could be a bias in how they took the data. You cant always believe everything that is posted. Not that I am saying it isnt accurate, maybe it isnt getting a large enough sample size.
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10 sats \ 0 replies \ @Coinsreporter OP 26 May
Technically it's correct. The people who spend more money will surely lead higher quality of life. Just suppose, a person having all the riches, yet he wears torn clothes just to save more. Can he say he has the best quality of life? In fact can't. So, all that wealth is just a parameter, it's your behaviour of spending money that affects your life standards.
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