Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
Money seems to just matter more for some people.
For other stories I've worked on covering the pursuit of happiness, I've talked with people who got raises and then felt let down by them for various reasons.
I've also talked with people who, out of their own volition, started making less money.
They took a pay cut, and they say they're happier as a result.
So even if there are these kind of general patterns, money and happiness is just as complicated and varied as any individual person is.
Oh, man, lots of things more than I could even list here.
Obviously, some big ones are your relationship, your job, where you live.
But there's this tendency for us to fixate on one thing as the thing that if we changed it, we'd be happy.
And for a lot of people, money is that thing.
In reality, I think we often overlook how happiness is this kind of complex result of a bunch of different inputs.
And money is just one of them.
So just adjusting the dials on
Money in your life may not completely change your life in terms of your happiness.
The places where people have been enjoying getting a high return on their cash for the past couple of years are basically about to start paying out less than they have been.
And the yields on those are expected to drop.
It could be within days or weeks of a rate cut.
The expectation is that the Fed will cut rates, and the question really seems to be by how much.
0.25% would be a more typical move, but investors think they might determine that a bigger cut of a half a percentage point would be in order.
The places where people have been enjoying getting a high return on their cash for the past couple of years are basically about to start paying out less than they have been.
In practice, this means that the yields on money market funds will go down.
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