More Money Definitely Causes More Problems, Says New LinkedIn Study
If you make this much per year, you’re guaranteed to be way more stressed.
The Notorious B.I.G. was right—more money does lead to more problems.
A new study from LinkedIn Learning found that the more professionals make, the more stressed out they are in the workplace.
Of 1000 participants, 68 percent who net an income greater than $200,000 said they experience stress on the job. In comparison, around half (52-54 percent) of those making between $75,000 and $200,000 reported feeling stressed at work.
Those who earn between $51,000-$75,000 are the least pressured at 38 percent, but the stress level jumps back up to 47 percent among professionals who are in the lowest-earning category of $35,000 to $50,000.
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The $51,000-$75,000 range seems to be a sweet spot. The instance of job satisfaction was also highest in that category at 81 percent, compared to 74 percent in the $250,000-plus category and 69 percent at the bottom.
Stress and job satisfaction were also broken down by age group. The New York Post has further details:
Gen Xers — defined in the study as respondents aged 37 to 52 — out-stressed the other generations, with 57 percent reporting stress at their jobs. Fifty-two percent of Baby Boomers (aged 53 and up) reported stress on the job, followed by Millennials at just 44 percent. But even with their lower-stress status, millennials reported the lowest job satisfaction (72 percent), compared to Gen Xers (76 percent) and Boomers (78 percent).
And while the gender pay gap may persist, this survey found virtually no disparity in stress or job satisfaction levels for men and women. Fifty-two percent of both male and female professionals said they felt stressed on the job, and similar proportions — 75 percent of women and 76 percent of men — said they were satisfied with work
As it turns out, working down the company ladder might be the key to a happier, carefree life. Who would have guessed?