>>One of the key points of this essay is that making more money doesn't necessarily improve one's quality of life.
No, actually the article says addictive preference towards money doesn't improve quality of life. Not having lots of money. Having lots of money nearly undoubtedly increases your quality of life.
>>There are levels of income that are wholly satisfactory for an individual's life that still classify that person as not rich.
By QOL here we're talking about happiness. After a certain point (once you have the things you want & don't have to worry about things) more money doesn't bring more happiness. Hedonistic adaptation crushes this down further.
No, actually the article says addictive preference towards money doesn't improve quality of life. Not having lots of money. Having lots of money nearly undoubtedly increases your quality of life.
>>There are levels of income that are wholly satisfactory for an individual's life that still classify that person as not rich.
Higher the levels go better the things get.