What would you do if you got a huge raise?

A wealth of data in recent decades has shown that once personal wealth exceeds about $12,000 a year, more money produces virtually no increase in life satisfaction.

Bull fucking shit.

You have two people with the exact same lives and problems - one making $12k a year, one making $150k a year - I guarantee you the $150k guy would be happier.

This article is complete and utter nonsense.

 

Good point. Another compelling argument.

 

Yeah, but poor people take trips somewhere nearby, like Wichita. Rich people can fly anywhere and escape. Might be the same activity, yes, but it's a lot different when you've got money to do something with it.

 

I don't think it's talking about annual salary, but personal wealth, which would probably be (i'm guessing here) the amount of disposable income after expense are met.

 

Poin, I say this knowing you don't make $12k, so this isn't aimed at you....but someone who gets a 100% raise is going to spend 100% more money.  The new car, home improvements, extra vacations, more shoes, bigger TVs, season tickets, better restaurants....you can enjoy all that and STILL have problems paying the bills and saving.  It's human nature....no one ever says 'I'm going to make $150k but live like I make $50k.'

On the other hand, I do know massively wealthy people who live like 'regular' people...you would never know the size of their affluence.  No doubt the result of knowing you have the money, and don't need to show it or use it. But that is another story.

 

Perhaps you are right. The fact that intelligent people are analyzing and re-reading that paragraph reflects the point that that is an incredibly poorly written paragraph.

 

lol.......was thinkin the exact same thing when i read this thread!!

 

Are we the same person?

 

God, I hope not for your sake.

 

I defer to the great Bill Cosby: Ri-i-i-i-i-i-i-i-ight.

 

Mo' money, mo' problems.

 

When I did my career shift a year ago, then got a raise eight months in, it actually did quite a bit to increase my happiness, because it gave me just a little more financial freedom. That being said, if I got a notable pay raise, I'd either use the extra money to get a new car or pay extra on my mortgage.