4 ms·
20-30% ?? What kind of money are you assuming most people make. at anything over 100k a year that is a lot of extra money anything less and it is probably nee
by citizenpaul 5y ago
20-30% ?? What kind of money are you assuming most people make. at anything over 100k a year that is a lot of extra money anything less and it is probably needed. It could simply be used to retire a few years earlier if nothing else. It could pay for vacation. It could pay off a vehicle. It could pay down a mortgage or appraisal gap in this market.
A 20% raise is huge at any income level.
- _ah 5y agoExcept that it isn't. Assume you are a superstar of some persuasion and you earn $100M/yr. Is a 20% raise a lot of money? It's not! Sure, it's an extra twenty million dollars, but what could you possibly want to buy with that money that you can't already purchase? At some point $100k --> $100M the math changes. That point will be different for different people.
- hackerfromthefu 5y agoA nice yacht, a sports team, your name on a building .. there's always something.
- grangerg 5y agoExpenses always rise to meet income.
- citizenpaul 5y agoYou and other people are discussing amounts of money that you could simply walk away from the world buy a yacht and travel the world for your entire life. This adds nothing to the discussion.
- lordnacho 5y agoSurely in the higher income brackets the tax on it brings down the net considerably?
- ivalm 5y agoMarginal value of money decreases the more money you have as consumption doesn't really scale up. Easily one should take a nice 500k/year job vs a stressful 600k/year job.
- bluefirebrand 5y agoMost people aren't in a position where their choice is a nice 500k/year job versus a stressful 600k/year job thought.
- ivalm 5y agoThe OP was explicitly talking about people making >>100k. At any rate, 5-600k is a staff/principle swe at a lot of tech companies, or even just a senior in some. Given this forum I am guessing that’s not an insignificant percentage of readers.