The Joseph Rowntree Foundation has published a new study "Does money in adulthood affect adult outcomes?"
There is ample evidence that adults with lower incomes tend to have worse outcomes including worse
health, lower life expectancy and lower subjective wellbeing than
individuals with more. But is money in adulthood itself important? Or are these relationships driven by other factors such as higher levels
of education, underlying personality traits or the long-term impact of
childhood circumstances?
This study reviews the evidence, focusing on
research that tested whether the relationship between money and outcomes
in adulthood is causal.
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