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Joined 8 months ago
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Cake day: June 5th, 2024

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  • Some of the measures you cite are irrelevant to quality of life. For example, there’s only a weak correlation between rates of home ownership and overall quality-of-life metrics. For example, Switzerland scores high on quality of life measures but has quite a low home-ownership rate. The converse also applies. And savings rate can be driven by fear of post-requirement income insecurity, and average credit card debt matters less than the cost of borrowing (if your card providers only charge 2% a year, that’s a different picture than if they charge 25%).

    Though your general observation still holds: the media (and politicians) focus on a small number of metrics that aren’t relevant to most people’s lives. You just have to be selective about what additional metrics you want to add to the mix.