I lived back in communist Eastern Europe and I can assure you nobody was content in any way. It was a nightmare.
After the house it's a bigger house, after the fancy car it's a super fancy car, and then a pilot's license, then co-owning a private plane, then your own one, etc.
When you get enough for the house you move into a new neighborhood where there's always someone richer than you, and when you get enough for that you won't buy his, but a similar one in a fancier neighborhood because you don't want to live with the plebs in the small houses.
This problem can't be solved before we stop measuring ourselves by money. Unfortunately that solution is always paired with being to accomodating on salary negotiations. If I stop caring about money, no one will willingly pay me more, even if I might "deserve it".
I definitely haven't solved it, but my goal is being content with what I have, while not being a doormat, financially. I'm better at the latter than the former.
You have to realize how fortunate you are. Everyone in your country is taken care of. Screw the high salaries of Amercians, they're not worth it