Short-term interests

This article confirms my theory that most of us most of the time act in our own short-term interests rather than the long-term interest of ourselves or the whole community. Considering the economic uncertainties of our times this is probably the best way to go – at least if one some money to spend.

A new survey has found that the vast majority of Canadians agree that putting money aside is important for their future, but not if those savings mean that current family and personal pursuits need to be sacrificed.

According to the HSBC Bank Canada Tomorrow, Today survey released Wednesday, four out of five Canadians agreed that being financially secure is important, but not to the detriment of leading a balanced life and pursuing personal passions.

“The Tomorrow, Today survey clearly indicates that Canadians are prioritizing social relationships, experiences such as travel and their desire to contribute to society — the very factors that are often associated with increased happiness,” said Elizabeth Dunn, an associate professor of psychology at the University of British Columbia and an expert in the relationship between happiness and financial well-being.

The rest of this article is in the Montreal Gazette.

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