In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households' estimates of their private wealth relative to their wage income.

在希腊、意大利还有法国(后者程度较轻)，不可持续的减税和支出热潮放大了家庭对个人财富相对于薪资收入的预期。

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Perhaps each society's richer people are also happier because happiness comes not from absolute wealth but from relative wealth--recall H.

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Consider the foreign importer: No doubt that importer's relative wealth position is enhanced by the devaluationist "gift"--at first.

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This is due to the fact that they are both a function of relative wealth of a country.

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