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Quality Of Life

Quality Of Life

What is 'Quality Of Life'

Quality of life is a highly subjective measure of happiness that is an important component of many financial decisions. Factors that play a role in quality of life vary according to personal preferences, but they often include financial security, job satisfaction, family life, health and safety. Financial decisions usually involve a tradeoff where quality of life is decreased in order to save money or, conversely, quality of life is increased by spending more money.

Explaining 'Quality Of Life'

Commuting to work provides a good example. It is possible to save money on housing by living further away from popular job centers and commuting to work. However, commuters don't have as much time to spend with family or on hobbies because of the extra time spent sitting in traffic. Some people consider this tradeoff worthwhile, while others choose to maximize their quality of life by spending more money to live closer to work.


Further Reading

The structure of local public finance and the quality of lifeThe structure of local public finance and the quality of life
www.journals.uchicago.edu [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …

Assessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of lifeAssessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of life
link.springer.com [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …

Impact of financial burden of cancer on survivors' quality of lifeImpact of financial burden of cancer on survivors' quality of life
ascopubs.org [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …

KIDSCREEN-52 quality-of-life measure for children and adolescentsKIDSCREEN-52 quality-of-life measure for children and adolescents
www.tandfonline.com [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …

The role of amenities and quality of life in rural economic growthThe role of amenities and quality of life in rural economic growth
onlinelibrary.wiley.com [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …

Housing and the elderly in Singapore–financial and quality of life implications of ageing in placeHousing and the elderly in Singapore–financial and quality of life implications of ageing in place
link.springer.com [PDF]
… as well as superior con- trols for worker and housing quality are needed to increase the precision of quality-of-life estimates … Bureau of Economic Research's State and Local Finance Summer Institute, and the conference on Compari- sons of Urban Economic Development in …


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