Quality Of Life, QOL

Quality of life is a highly subjective measure of happiness that is an important component of many financial decisions. Factors that play a role in the quality of life vary according to personal preferences, but they often include financial security, job satisfaction, family life, health, and safety. Financial decisions can often involve a tradeoff wherein quality of life is decreased in order to save money or earn more money, or, conversely, quality of life can be increased by spending more money.

