Why Your Boss Is Much Happier Than You
By Max Nisen
New research reveals that bosses experience multiple levels of satisfaction as opposed to their workers.
Bosses don't just get paid more than their employees. They're happier or more satisfied in a wide spectrum of other areas, from family life to job satisfaction, according to a new survey by the Pew Research Center.
Among top managers, 83 percent report being very satisfied with their home life, compared to 74 percent of workers, the survey finds. And 69 percent of bosses are happy with their current jobs, while less than half of their workers are.
Here's Pew's chart breaking down the gap between bosses and workers:
The survey also goes deeper on job satisfaction, finding that leaders are much more likely to consider their job a career, believe they have the education and training to succeed, and think that they're paid fairly:
These differences are likely due to managers' relative financial security. About half of all bosses (54 percent) have household incomes of $75,000 or more, compared with just a third (32 percent) of employees, the survey finds. Age may also contribute, since the bosses were eight years older on average and thus further along in their careers.