Most people view money in relative...we compare our wealth to the those around us and we want ours to be higher. Even I fell for this... choosing A) over B) even though in B) you make double.
In this particular study, about half of the people surveyed chose to make 50K over 100K so that they would make higher than those around them.
Here is a way around this dilemma...by boosting our social and career wellbeing. When we have higher career wellbeing, you perceive your pay much more favorably than those with low career wellbeing. If your daily work if fulfilling (and engaging) and your relationships are strong your much less likely to get caught up in the comparison of your wealth to others. Money is only relative and when we are happy in our lives...especially in our careers and socially...it doesn't matter how much money we make or what our neighbor is doing. We are happy and isn't that important!!!
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