Benjamin Todd
speaker
4,140 appearances
3 recordings
1 series
first heard Sep 2023
last heard 28 May
Benjamin Todd’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 2.
Appearances
Finally, $75,000 of household income is equivalent to an individual income of only $40,000 if you don't have kids.
To customize these levels for yourself, make the following adjustments, all pre-tax.
The $40,000 figure was for 2009.
Due to inflation, it's more like $55,000 in 2023.
Add $25,000 per dependent who does not work that you fully support.
Add $50,000 if you live in an expensive city, for example New York or San Francisco, or subtract 30% if you live somewhere cheap, for example rural Tennessee.
Add more if you're especially motivated by money, or subtract some if you have frugal tastes.
And add 15% in order to be able to save for retirement, or however much you personally need to save in order to maintain the standard of living you want.
As of 2023, the average college graduate in the United States can expect to make about $77,000 per year over their working life, while the average Ivy League graduate earns over $120,000.
The upshot is that if you're a college graduate in the US, or a similar country, then you'll likely end up well into the range where more income has little effect on your happiness.
Don't aim for low stress.
Many people tell us they want to find a job that's not too stressful.
And it's true that, in the past, doctors and psychologists believed that stress was always bad.
However, we did a survey of the modern literature on stress, and today, the picture is a bit more complicated.
One puzzle is that studies of high-ranking government and military leaders found they had lower levels of stress hormones and less anxiety, despite sleeping fewer hours, managing more people, and having higher occupational demands.
One widely supported explanation is that having a greater sense of control by setting their own schedules and determining how to tackle the challenges they face protects them against the demands of the position.
There are other ways that a demanding job can be good or bad, depending on context.
Here's a table showing whether certain variables are good or neutral or bad.
First we have types of stress, the intensity of demands, can be good when challenging but achievable, and bad when mismatched with ability, either too high or too low.
Another type of stress is duration, can be good or neutral in the short term, and bad when it's ongoing.
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