Summary
The researchers looked into the amount of time spent with "obligatory" activities such as work, shopping and child care. Surprisingly, the wealthier individuals spend more time on these pursuits than those in the lower-income brackets. The reverse of the obligatory actions was termed by the researchers as "passive leisure." These are seen as pleasurable and can include socializing, watching TV and similar pursuits. Once again, the lower-income folks seemed better off. They were able to spend 34 percent of their time on gratifying pursuits, while the high-income group spent less than 20 percent of their time in this manner.
See the full content of this document
Extract
Money Squawks
Most people assume the rich are more content than those less fortunate. Two Princeton professors, economist Alan Krueger and p...
See the full content of this document
Sponsored links
