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by JimboOmega 2747 days ago
I'd be curious to see somebody do this for lower levels too. It'd be interesting to see where the step changes are.

Right now, if the money fairy came down and doubled my salary, I don't think I'd live that differently. Or if say $1M just landed in my bank account. I would worry less, but don't see me going out and finding things to spend more money on.

I think there's a lot of "wealth inertia" but it'd be interesting to see the idea explored. I think most people tend to live a certain lifestyle, and even if they could afford a higher level one, you probably don't immediately. The reverse is also true and tends to get people into trouble. I know if my salary started creeping downward it'd be very hard for me.

I wonder if this has been explored in any real detail - how much extra income really triggers lifestyle changes. Is it just affordability steps as the author claims?