The Most Amazing Retirement Chart You'll Ever See
There are few psychological forces more powerful than hedonic adaptation. As former Fool Morgan Housel once described this phenomenon: "What we always dreamed of becomes nothing more than normal life once we achieve it."
This helps explain why winning the lottery only produces a short-term happiness bump, and becoming a paraplegic doesn't mean lifelong misery. In the world of personal finance, the implications here are enormous.
Image source: Getty Images.
Source: Fool.com
