While killing time in an airport bookstore a few weeks ago I came across an article in Details magazine on “why your six-figure salary isn’t enough.” Wish I had that problem to worry about…but I digress.
The article features 20- and 30-somethings plus a few in their early 40s who have achieved salaries in the mid-six figures (I assume that means in the 300K-700K range; I’d be happy just to reach six figures – or not (see Ownership to Stewardship: "According to numerous studies and contrary to popular belief, giving out of my bounty actually boosts my feelings of happiness. Hoarding my wealth and playing the miser contribute to feelings of depression.")…and once again I digress). Rather than find satisfaction, all this wealth seems to do is drive blatant consumerism based on “salary envy” of the guy who stands on the next higher rung of the success ladder.
At the end of the article the author suggests that maybe those who have less are happier. After all, the guy who owns the $30 million vacation estate has to come up with $360,000 every year just to pay the taxes, not to mention the utilities and maintenance costs. Many of the wealthy featured in the article are also deeply in debt. It is pretty safe to assume that the nouveau-riche have not yet accepted the mantle of nouveau-philanthropists. Who can justify gifts to charity when the creditors are at your door?
It appears that happiness and wealth are not directly correlated. Happiness is more likely derived from being content with your purpose in life, not your status.
Copyright © 2007 Richard M. Potter. All Rights Reserved.
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