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People strongly favor secure income over risk, once they have the income. risk-taking is far greater before the safe option has actually started delivering. Th
by srtjstjsj 12y ago
People strongly favor secure income over risk, once they have the income. risk-taking is far greater before the safe option has actually started delivering.
The HN crowd (especially founders) probably skews toward risky, but that's not the general mode of behavior.
And people are pretty good at spending the delta of $70k-$50k/yr, especially on things like mortgages that have a many-year lock-in, or past accumulated debt.
This is a different story from the webtech world where a $100K to $200K (or even $1M+) bump creates financial independence (not just security) in the near term.