this post was submitted on 14 Nov 2025
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[–] DeceasedPassenger@lemmy.world 45 points 2 days ago (16 children)

More than half of six-figure earners said they would have to double their income to feel financially secure. 

“People used to feel when you got to six figures or above that it was a sign of financial stability,” said Libby Rodney, chief strategy officer and futurist at The Harris Poll.

Mr. Rodney is full of shit, whether he knows it or not. There was a study done on the psychology of earning more money than you need to live. There's an interesting phenomenon that arises; people always think they need more to feel secure. $100k feels they need $150k, $400k needs $600k, and this pattern continues all the way up to $15m, on average. I wouldn't be surprised if the peak is even higher nowadays, the study was conducted in the early 2000's I think. I will come back and edit this with more details of said study so I'm not just talking out my ass.

[–] SpaceNoodle@lemmy.world 34 points 2 days ago (10 children)

I thought that there was a study that showed limited returns on happiness beyond a certain threshold ($75k at the time, which is now surely well out-of-date).

[–] stoly@lemmy.world 4 points 2 days ago

I think that the idea was that there is a special point where you feel secure and nothing beyond that makes any difference. But that $75k number sounds familiar. It's probably more like $120k today.

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