"Experience stretching - when we have money, we are more bound to splurge, giving ourselves a taste of "a better life." Once the splurging is over, our expectations for experiences are hiked up and we can no longer enjoy mundane things in life to the same degree. "
Same thing as my philosophy of "never trade up unless you can afford it for rest of your life" - trading up will make you temporarily happy but over long term you will definitely adjust due to the hedonic treadmill. On the other hand, trading down will produce unhappiness.
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