What is your take on the below article. I believe most, myself included would agree you’re never truly happy with your comp. https://news.efinancialcareers.com/us-en/318367/b…
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First take is that most people aren't that happy with their comp because of expectations and people higher up than them on the ladder/environment. When you get an "IB" job, you feel like you made it and should live like it. Same thing with Docs when they graduate school, school bills+big house+car eats up the big paycheck quickly. Secondly, if you're paid 5M, but everyone else is making $20mn, you feel less.
Also, when you work all the time expenses add up quick. As stated in the article, things like daycare can eat your paycheck real quick. Add in student loans, living expenses and actually having fun.
Hedonic adaptation is a bitch
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