Some people get by well with little money, others can never get enough of it. Behavioral researcher Thomas Mathar explains how we can find out how much we really need.
This interview comes from the stern archive and first appeared in September 2023.
Mr. Mathar, you wrote a book about “financial wellbeing.” What does the term mean?
In Germany, many people are concerned with the topic of “financial freedom”. This is about the goal of generating enough capital and income to no longer have to work. “Financial wellbeing”, on the other hand, is more of a path than a goal. In addition to financial stability, it is also about emotional and psychological well-being. It is about building a healthy relationship with money so that you earn, manage and spend money in a way that makes you happy.
How much money do I need to be happy?
Source: Stern
