Quality Of Life

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Dictionary Says

Definition of 'Quality Of Life'

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.
Investopedia Says

Investopedia explains '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.

Quality of life is also an issue when developing a personal savings plan. In this case, the tradeoff involves a sacrifice of current quality of life in order to improve future quality of life.
Search results for

'Quality Of Life'

  • Standard Of Living Vs. Quality Of Life

    http://www.investopedia.com/articles/financial-theory/08/standard-of-living-quality-of-life.asp
    What is the difference between a standard of living and quality of life? Find
    out in this breakdown. ... Standard Of Living Vs. Quality Of Life. ...

  • 3 Life Events That Can Ruin Retirement Plans

    http://www.investopedia.com/articles/retirement/08/divorce-layoff-death.asp
    ... retirement plans. Any one of them can materially affect your retirement
    status, lifestyle and quality of life. This article will ...

  • High GDP Means Economic Prosperity, Or Does It?

    http://www.investopedia.com/articles/economics/08/genuine-progress-indicator-GPI.asp
    ... While GPI factors in to many of the variables that have direct impact on peoples'
    quality of life, capitalist economies tend to focus strictly on making money. ...

  • High GDP Means Economic Prosperity, Or Does It?

    http://www.investopedia.com/articles/economics/08/genuine-progress-indicator-gpi.asp
    ... While GPI factors in to many of the variables that have direct impact on peoples'
    quality of life, capitalist economies tend to focus strictly on making money. ...

  • Earnings Quality: Adjusting Accruals For Proper Comparisons ...

    http://www.investopedia.com/university/accounting-earnings-quality/earnings6.asp
    Use a firm's life cycle to determine whether its accruals are
    appropriate or a sign for poor earnings quality. ...

  • The Gini Index: Measuring Income Distribution

    http://www.investopedia.com/articles/economics/08/Gini-index.asp
    ... (For more information on how quality of life is quantified, read Genuine Progress
    Indicator: An Alternative Measure Of Progress.) Even in affluent countries ...

  • To Rent Or Buy? There's More To It Than Money

    http://www.investopedia.com/articles/05/011305.asp
    ... perspective, one involving emotional factors and personal preferences that collectively
    determine the impact of your decision on your quality of life. ...

  • Extreme Commuting: Is It For You?

    http://www.investopedia.com/articles/pf/06/extremecommute.asp
    ... Along with the lower cost of living, the exurbs also offer what some people
    see as a better quality of life. Large homes with large ...

  • Easy Ways To Cut Rental Costs

    http://www.investopedia.com/articles/younginvestors/08/save-money-rent.asp
    ... areas, don't locate too far away or the savings in rent will get eaten up in the
    form of increased transportation costs and a reduced quality of life from all ...

  • Two Roads: Debt Or Financial Independence?

    http://www.investopedia.com/articles/pf/09/not-saving-enough.asp
    ... Quality Of Life.) The Eye of the Beholder Although it might sound extravagant to
    those of us earning the 2007 national median of $50,233 (according to Census ...

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