there are a million useless answers, but pragmatically speaking, how does the life style differ between someone who makes 60k/yr vs 100k?

 

Not a lot. Slightly nicer car, slightly nicer house, slightly nicer vacation, and probably a decent increase in non-essential goods. Basically, more free cash but not much else, I don't think.

If the person jumps in salary but doesn't upgrade their home and vehicle(s), it'd make a HUGE difference, somewhere on the order of $2500 more spending/saving money each month, probably.

 

im sure you would be in a different tax bracket if you made 100k over 60k. depending on how high or low you are, you could live with an extra 10k a year or 20k a year. i think that would make a HUGE difference. in a matter of a couple of years, thats the difference between a new car or a down payment on a house.

 

This might not help, but it's at least one example:

My wife and I make $50k right now as she's in school, while my buddy and his wife have been making $100k with them both working.

They leave town more often for 'vacations' (usually visiting in-laws), they eat out more, and they have more savings and freedom to buy expensive appliances and such. But surprisingly, we (on half the salary) actually have nicer cars and a slightly more expensive home (both apartments). My wife's Element is paid off, so that helps us some--our lifestyle is closer to a $60k lifestyle if you put the two on par with things like that.

Both of our families have significant student loan obligations (ours is still growing as my wife finishes up), so while he's whittling away at their debt and/or investing so he can return to school without working full time, our family's debts are not getting paid down quickly.

One really important thing is this: the first year at a salary of $XXXXX is very different from the fifth year at that same salary. After a few years, you've paid for the furniture, the entertainment center, the riding lawnmower, paid off one of the cars, etc etc, so your income can sustain a better lifestyle (ie more money for vacations and such) as you've obtained many of the goods you wanted to use income to purchase.

 

macys vs bloomingdales
s2k vs porsche
7s vs 9s
jose vs patron
antibiotic steroid produce vs organic

 

You will need to think of the future when making a purchase with al arge commitment like a house or car. Companies don't value loyalty like the past and you don't want to worry about job hunting to support your new home and Veyron.

 

I'm so glad I own my own company!

 

differences are nil, IMHO, with the exception of more money to save/invest. instead of a few hundred, you might be able to put away a thousand to your 401K.

 

interesting opinions. expand the question. what would you give up in order to make 100 instead of 60?

do you really think women would care much?

 

Not nearly as much as the difference between spending $60k and spending $100k. There are two sides of your fiscal situation, what comes in, and what goes out. What goes out is far more important.