If you were to guess the recipe for success by looking at the ways people handle the financial lives, you might come up with something like “Work hard, play hard”. North Americans have a reputation in parts of the rest of the world for working incredibly long and hard, for no ultimate purpose. Science seems to support this way of thinking.
As many career people have no savings for retirement, this perspective is further vindicated. It begs the question, “If you can only support your lifestyle by working insanely hard, what will you do when you can’t work like that anymore?” It’s an important question; if workers have no method to one day dismount the hard work hamster wheel, this creates great uncertainty for the future.
All of this implies that, perhaps, the solution for having trouble making ends meet is not to work harder, but to cut down on the cost of living.