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A survey of wealthy U.S. citizens has a question that asked, “How much wealth do you...

A survey of wealthy U.S. citizens has a question that asked, “How much wealth do you need to live comfortably?” On average, those with a net worth of over $1 million said that they needed $2.4 million to live comfortably, those with at least $5 million in net worth said that they needed $10.4 million, and those with at least $10 million wanted $18.1 million. Apparently, most people never have enough. Discuss why in Economics, this concept “More is better” seems to be valid in the real world
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In economics when we discuss "more is better" what we actually mean by this is - the person has shifted to higher indifference curve where he is receiving more utility because of more choices available. In real world this concept is valid because with more money or assets you can have more utility by - buying things, procure assets and whatever you would like to all of which will increase your utility. In real world, people are never satisfied with what they have. They want more henceforth when they get it they are happy.

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