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In our 30's we made sure to live a comfortable lifestyle and not work like crazy. In general, we have always spent less that others who make the same, and save / invest pragmatically IMO.
Presently, while we do have periods of hard work, we believe in enjoying life as you go vs. waiting to retire - we take time off often and make sure we spend quality time together and with family / siblings / parents.
Who knows how long we'll be around and who knows how long kids, siblings and parents will be around - and from experience and observation, you never know when personal tragedy may strike.
Actually, there is immense title inflation at large companies as well, just depends which company and field. Have you seen the number of VPs in the Finance industry in NYC?