Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Matt Elson

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I guess the question then becomes, like, what are we supposed to do about it?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I mean...

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

If we're living in a society where even if you make 300 to 400 to 500 plus thousand dollars a year, and you still feel kind of shitty about the situation, then I feel like the society doesn't really work anymore, at least it doesn't work in the way it was supposed to.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I mean, we're supposed to be looking at the surveys and learning life gets better.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

You improve the more money you make.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I guess I'm starting to think, like, what are we supposed to do about this?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I mean, is this a social media problem?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Do we need to stop looking at social media?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Do we need to stop reading these surveys?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I mean, Ben, what are we supposed to, I guess, take away from this data?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Yeah, it's interesting just looking at the chart.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

There is a sweet spot based on this data, which is $200,000 to $300,000 a year.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Only 16% of those households or those people say that they are living paycheck to paycheck, which is the lowest of any group.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

And it makes me wonder, like, maybe there is a sweet spot.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Maybe there is an amount of money where you're not really on this hedonic treadmill.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

You don't feel that you're so much in the rat race, but also you're comfortable enough to feel good about your situation, maybe.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I mean, Rameet, is there a sweet spot?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Right.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

It sort of brings up the question of like, what is even the ultimate goal when it comes to money?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Because, I mean...