$95k does not seems like enough money to totally upend your life like that for.
That's because most of us here are so used to the amount of money we earn. But for people who literally struggling with month-to-month payments, 100K feels like a life-changing amount of money. If they were just saving month by month, they might have never reached that amount in their entire life.
Our perspectives here on HN are very one-sided when it comes to things like this, anyone who been poor previously (or is currently) could attest to this.
What does that mean for where and how the person live though? How much money were they realistically having left at the end of the month? 6 figures surely means a lot in some places, in others not so much and maybe they didn't have much left after all. Even with 1K left in a month on average, that's 95 months (~8 years) of saving for the same amount, maybe it was always the plan to just get the fuck out once they got close to 100K or whatever.
Humans do rash things, especially when some shortcut appears. But all this is also speculation and hypothesizing, who knows the real reasons behind it for sure.
It means they lived somewhere where a 6-figure income is feasible, which already puts it on the expensive end of the spectrum. If they are fleeing to somewhere where 95k looks like retirement money, that's not going to be a place where replacing that 6-figure income is feasible (especially with a default judgement against them blocking access to the whole US-influenced banking network)
Talk about deeply unfair ...
For sure unfair. It drove whole generations to seek to emigrate to the US to work in Silicon Valley - one lucky break in the Bay Area, or 10-15 years of regular work, could set your whole family up for life back home. Now the equation is shifting, as US immigration policies become less predictable, and BigTech is back in layoff mode.
I expect that the EU's more moderate (but still high globally) salaries coupled to robust worker protections, cheap healthcare + education systems, are going to start looking pretty good for the next while.
Crazy how many people try to find excuses for crime. There's people living on fractions of that that don't commit crime. No, income is no excuse.
It's as if the more money you make, the more you need to feel fulfilled, so people start stealing and scamming to cover a self inflicted psychological money deficit.
This is a myth. The original 2010 Kahneman-Deaton study showed that how favorably people judged their overall lives continued to improve beyond $75k. Daily emotional well-being appeared to stop improving around that level. [1]
A larger 2021 study by Killingsworth using real-time reports found no happiness plateau at $75k; instead, well-being continued increasing with income, including above $200k. The relationship was logarithmic - going from $40k to $80k mattered more than going from $160k to $200k, but the benefit didn't disappear. [2]
So of course, in 2023, Kahneman and Killingsworth jointly re-analyzed to resolve the conflict, leading to more nuanced conclusions: in the least-happy 15-20%, unhappiness declined as income went up but eventually leveled off; for the majority of people, happiness continued rising with income beyond $75k; in the happiest people, the association sometimes became stronger at higher incomes. [3]
Science, baby!
[1] https://www.pnas.org/doi/10.1073/pnas.1011492107
Not if the jump from 80k to 120k also means a jump from working 40h to 60h.