News for hackers. Stuff that matters.
Re:This is a teenager by s1artibartfast on Tuesday April 16, 2024 @01:25PM (#40054736)
I think social and individual expectations are a big part of this. Why is Alex depressed? If they had 20k more a year, would they be happier, or just 2 steps ahead on and empty hedonistic treadmill. Alex now has a new mustang, but is still depressed and fails as a parent.

I think it would be interesting to see the relative impact of a 2 parent + low risk home vs income, and I think there is a lot lost when people assume every variable reduces to income.

What about Alex when they have low income, but a healthy home life? What about Alex when they have higher income, but a shit home life?

Re:This is a teenager by nvy on Tuesday April 16, 2024 @01:39PM (#40054888)
Money actually does buy happiness, despite what the wealthy would like you to believe.

It is very likely that yes, he would in fact be happier with an extra 20k a year.

You don't know he'd have a new mustang; that's just you projecting. He might put the extra 20k a year into savings for his kid's education - I know that feeling like I'm setting my kids up for future success makes me happy.

Re:This is a teenager by dmoy on Tuesday April 16, 2024 @01:47PM (#40054972)
Money buys happiness, up to a point. It's like a pretty linear increase in happiness to some spot somewhere above median income (I forget, something like 1.5x median income). After that, it has very little impact on happiness, if at all.

Supposedly, based on some studies.

Re:This is a teenager by Jaygles on Tuesday April 16, 2024 @02:21PM (#40055423)
Another way to view it is to say poverty buys misery
Re:This is a teenager by antisthenes on Tuesday April 16, 2024 @02:46PM (#40055715)
> Money actually does buy happiness, despite what the wealthy would like you to believe.

Individual happiness and being a good parent (which contributes to breaking the cycle) don't necessarily intersect as much as you think, or at least it's based on the individual.

Some people's happiness is only marginally related to how well their kids are doing (as evident by rise in single-parent households), so the 20k may contribute essentially 0 to the long term solution.

> You don't know he'd have a new mustang; that's just you projecting.

If I don't know, then you don't know either. You're taking the other good extreme and presenting is at fact. The reality is somewhere in the middle.

Re:This is a teenager by nvy on Tuesday April 16, 2024 @06:06PM (#40057816)
It's like you didn't read anything I wrote, and then built your own straw man to argue with.
Re:This is a teenager by antisthenes on Tuesday April 16, 2024 @08:17PM (#40058992)
No, I just pointed out that your absolutist statements look ridiculous.
Re:This is a teenager by nvy on Tuesday April 16, 2024 @09:42PM (#40059509)
So just to be clear: you think "it is very likely" or "he might" are absolutist statements?

Is that what you're saying?

Re:This is a teenager by antisthenes on Wednesday April 17, 2024 @01:41PM (#40067848)
No. Look at what I quoted originally.
Re:This is a teenager by s1artibartfast on Tuesday April 16, 2024 @01:59PM (#40055143)
Money can buy happiness, but it isn't a guarantee, and isn't necessarily the most important factor.

Kill Alex's parents, and rape them as a child, addict them to meth, and 20k wont fix that.

This article and data is in desperate need of a Analysis of variance for the different factors.

Re:This is a teenager by micromacrofoot on Tuesday April 16, 2024 @01:46PM (#40054959)
I'm not sure who you know that makes $40k and has a foot on a "hedonistic treadmill"
Re:This is a teenager by s1artibartfast on Tuesday April 16, 2024 @01:48PM (#40054985)
Most everyone I know, of all incomes, are on some form of hedonistic treadmill.

Sometimes it is one beer and cigarette to the next, sometimes it's one sailboat and handbag to the next.

Re:This is a teenager by micromacrofoot on Tuesday April 16, 2024 @04:50PM (#40057015)
There are plenty of pre-industrialized peoples that smoked tobacco, drank alcohol, and did drugs recreationally. Were they too on hedonistic treadmills?

It's funny how Americans love to brag about how they have the freedom to do whatever and pay less tax, but then turn around and treat their poor like fools if they live in any way that doesn't resemble soviet-era russia.

This is the same thing boomers do when they tell millennials to stop eating avocado toast to pay their school loans.

Re:This is a teenager by latency-guy2 on Tuesday April 16, 2024 @10:50PM (#40059921)
> Were they too on hedonistic treadmills?

Yes.

> It's funny how Americans love to brag about how they have the freedom to do whatever and pay less tax, but then turn around and treat their poor like fools if they live in any way that doesn't resemble soviet-era russia.

You have things quite backwards, the stereotype of USSR and it's successor is large amounts of vodka and mindlessly wrestling bears. The USA added an amendment to their constitution banning the sale of alcohol and took a while to get repealed.

> This is the same thing boomers do when they tell millennials to stop eating avocado toast to pay their school loans.

I think citing internet memes is not a good plan.

Re:This is a teenager by micromacrofoot on Thursday April 18, 2024 @01:37PM (#40078688)
> the stereotype of USSR and it's successor is large amounts of vodka and mindlessly wrestling bears

also lines for bread and austerity, that's what I mean

> I think citing internet memes is not a good plan.

while that example is memified, this is still a commonly held belief that I see reiterated almost daily (of course they're poor, they're buying iPhones! for example)

Re:This is a teenager by antisthenes on Tuesday April 16, 2024 @02:48PM (#40055749)
You can certainly go into debt to get your foot onto that treadmill. You can live with your parents and spend the entire $40k on entertainment. The exact figure of the income barely matters. FOMO and consumerist culture almost ensures that everyone is participating.

The companies are certainly happy to take your money, regardless of how hard it will be to pay back.