I listened to this very interesting story on NPR today about the proposed tax increase for those who make over 250,000/year (that I would link to if I could find the link). The story was about what it actually means to be a person making $250,000 a year, and how much is "enough" in terms of wealth. This was interesting to me because I've been thinking about this a lot lately- what do I actually need to make in order to be "happy" or "comfortable" or to have enough.
Well, I don't know. As they pointed out in the story, as your income rises, so do your expectations for the things you should have. So while you might get by on a $60,000 salary, if you were to get a giant raise, you might upgrade your car, send your child to a private school, or move to a bigger house, therefore keeping your level of spending/saving money about the same. That explains why no matter how much you make, you never seem to have enough.
So how much IS enough? I don't know. I know I would consider sending my children to private school if money weren't a factor. I know I'd like a newer house that would have a better layout and newer appliances that don't break, or at least the extra money to get them fixed (and maybe I'd like a pool, truth be told... ;). I know I'd like to travel more than I do. I know I'd like to afford haircuts more than yearly. So... yeah. Clearly I have more than enough- things to spend $250,000 a year on. Sigh.