this post was submitted on 07 Aug 2023
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That's only true to a point and that point is not very high. There is some good literature on this, but after a handful of standard deviations above high-average income the happiness effect plateaus. Multimillionaires aren't any happier than millionaires and often work more / stress more to get there.
You know, I happen to be ok with it plateauing, as long as I’m on the damn plateau.
I’m not even within view range of the plateau at the moment. Might even be a different continent.
But then, I’m not dumb enough to keep working/trying to earn more once I’m set to be comfortable for the rest of my life. So maybe that’s the difference.
But what if 10 mil is enough for me to never work again and just spend all my time doing stuff I actually care about? I might even do work that matters to me that doesn't normally pay well if I can control it myself.
A decent house costs over a million where I'm at, I don't think those studies account for inflation