Earlier quoted context omitted.
That's precisely my point regarding the rat race - what is one trying to catch up to? Is there economic or social anxiety at 350k/yr which evaporates at 400k/yr?
Absolutely. Purchasing real estate (or even a Tesla, etc) is out of reach for people like me, and likely will be for 10+ years from now. Say someone makes 150% or more of what I make (ergo are valued 150% superior in a fair labor market) and they can save far more and build a their net worth significantly faster even with a more luxurious lifestyle.
The person earning 150% more than _them_ is coveting the latest Bell Jetranger, or Gulfstream G700.
The obsession for more is the same at all levels.