Comment by yamrzou
3 months ago
Here is a better figure highlighting the difference between the desired and the current salary: https://datawrapper.dwcdn.net/9aqrK/apple.png
3 months ago
Here is a better figure highlighting the difference between the desired and the current salary: https://datawrapper.dwcdn.net/9aqrK/apple.png
That is so weird.
I've essentially been adjusting my saving/investing to keep my take home at about the same amount since I've reached a certain threshold.
Now, I wouldn't say no to more, but I also don't feel I need more necessarily. Even now, I have about a year's worth of money tucked away "just in case".
And the major reason for the saving/investing is to be able to generate enough cash to cover bills so I'm not reliant on a job for anything.
Well, the question was "How much does your annual salary need to be for you to feel happy/less stressed?". So it's a relative position: how much more money to subjectively improve your life? In that sense it makes sense, given the general diminishing returns of the utility of money, that those with a higher salary would say they need more additional money to be happier: even if they're relatively happy already, it's not something a relatively smaller amount of money is going to change much.
I find the inflection in the percentages somewhat interesting: it reduces from the lower to higher incomes until about 150k, then increases a lot. I wonder if that represents the salary range where financial independence starts to come into sight: then the responses there would be reflecting an estimate of the amount of money they'd need to retire early and live their current lifestyle off their savings.
And where is this from?
Wow. This is very interesting.