I wanted some wiggle room in talking about the subject but he closed the door very effectively (not a criticism of Faust - he was simply correct in a conventional sense). So again, I’m looking for a discussion of wealth in a broader sense than a mere definition from within economics. At the same time “The world is my oyster” is not the kind of discussion I’m looking for.
So… What is “financial health”?
Is there a tension between personal financial health and the financial health of a country? Can financial health only make sense in relation to the values of the subject? Is there any objective measure of financial health? Etc. etc.
Anon - just for the record, I wasn’t trying to fence you in. I think you have now asked the question you meant to. It’s possible that I have helped you, by defining a term that may come up here.
I think there are some objective measures. For instance, there’s a certain debt-to-income ratio that no one would consider healthy.
Yes, you definitely helped. I meant “wealth” in a broader, but not too broad sense. That’s pretty vague I admit. Maybe it’s still too vague - I’m not sure.
I agree that too much debt is almost objectively “unhealthy” - as is too much savings. I can’t go so far as to call it actually objective though.