Comment by ufmace
6 years ago
I've tended to think that a lot of it is about different social circles. If everyone you know makes $50-100k/yr, you feel fine making that yourself, and may not even be sure what you'd do with a million dollars. If your social circle is full of millionaires and multi-millionaries, all of the sudden making a million feels like barely getting by and you think about all of the cool stuff you see people around you getting that you could get if you had tens of millions.
I think it's different past ~$150k salary too (probably more like $200k-$300k in the valley). At that point there's this weird net worth dick measuring contest that becomes a lot of people at that level's xbox gamer score. As in it's this number that they've attached a whole lot of identity to to be able to compare to their peers. It has very little to about what they can actually do with that number and more that they just want a bigger one than their friends.