In a recent Episode of Your Money Briefing by The Wall Street Journal, J.R. Whalen and personal finance reporter Joe Pinsker delved into the intricate relationship between salary increases and job satisfaction. The episode discussed a fascinating survey by financial services company Empower, revealing that, on average, people believe they would need a whopping 50% raise to achieve happiness and reduce stress in the workplace. The Quest for Happiness and the 4% Reality Employers, responding to the competitive job market, plan to increase non-union employees' pay by around 4%, according to a survey by consulting firm Mercer. While a 4% raise is undoubtedly appreciated, it falls far short of the 50% threshold identified by the survey respondents. Breaking Down the Numbers The survey, which considered respondents across various income brackets, found that individuals consistently expressed a desire for more than what they currently earned. Even high earners with a median income of $2
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