Hedonic Pleasure Index: Going beyond the CPI
I don't really like being a bearer of bad news, and I really am a rather optimistic person, despite co-authoring a recent pronouncement that the 4% rule is in grave jeopardy for new retirees these days with bond yields as low as they are. But today's report is about another research article which suggests that retirees may need to plan for greater retirement expenses than they may realize. Actually, this research article has implications for everyone.
Pfau, Wade, "Hedonic Pleasure Index: Going beyond the CPI" (2013). Faculty Publications. 153.