My own experience: I never developed the habit of spending more when my salary went up, so raises do not do much for me these days. I think most folks do, so

My own experience: I never developed the habit of spending more when my salary went up, so raises do not do much for me these days. I think most folks do, so someone making 500k a year probably can afford more of their lifestyle. 10% more for me changes nothing (other than the age at which I get to retire - perhaps a relevant part of the debate).