A 2013 study released by New York Life of 2,000 Americans examined Americans’ financial and family values. The study asked respondents what they would be willing to exchange for a 50% pay increase. The study beamed that “very few” Americans would trade time off with their family. Despite these trying economic times, societal degradation, and moral decay, apparently Americans still value their families! America is okay after all, right?
Let’s look at the actual numbers. Of those surveyed, 43% of people would give up activities or hobbies for the 50% raise, and 35% would give up vacation time. 30% would give up sleep time every night… Fine, but 54% said they would give up evenings off from work! I don’t know too many folks spending their evenings at work who spend a lot of time with their family–and 54% is a strong majority. 45% said they would spend less time with their friends for more money–okay, but 20% said they would spend less time with their spouse (and these are just the people who admit it!).