Why The Sharing Economy?

The U.S. economy is booming with unemployment the lowest it has been in nearly 50 years, nominal wage growth is the highest in the decade and the economy continues to grow – but the cost of living has risen by 14% in the last 3 years – far outpacing wage growth. This is causing Americans to struggle to maintain and afford a good lifestyle. 58% of Americans have less than $1,000 in savings and 32% have no savings at all. Among American adults general happiness has been going down since the 1990’s and the lack of money is a very large cause of it.

Money influences happiness by fulfilling needs and desires, reducing stress when facing hardships with drugs and other chemicals, emotional wellbeing increases as salaries rise, and self reflections become more and more positive with higher income. With stagnant wages and rising costs of living, the key to happiness isn’t having money, but how we spend our money on things that make us happy.

Find out how money makes us happy and how the sharing economy instead of ownership can be a solution to many of these problems here.

NowSourcinghttp://nowsourcing.com
Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

More from author

Leave a Reply!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related posts

Advertisment

Categories

Latest posts

How to keep your RV in great condition

Traveling around the country in an RV is a fantastic way to spend your vacation. It truly feels like an adventure: you...

How Much Is a Lawyer Going to Cost You?

One of the primary reasons people are unsure of whether or not to hire a lawyer, even in situations where they really...

How The ‘New World’ Looks For The Future

We have all been through a very strange few months as 2020 has certainly not been the year anyone really expected. The...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!