The carrot isn't necessarily stress because you do it because you want to, not because you have to. Without shortish term goals work is often just a chore you do to survive and so your parents don't nag you. Maybe so you can own a house by the time your entire life has elapsed one more time in the wage cage.
Edit: Missed the status symbol itself being stressful. I don't think so. There's a lot of pride in just your status moving up. You get a 90s 7 series, you're happy as hell because it's yours. Moved from daddy's money to self sufficient. Your first car. Then you get a nice 00s 5 series, we moving up in the world. Then you get an old Jag as a weekend thing, oh shit, we getting fancy. It just gives you a pleasant feedback loop every year to couple years.
Edit: Missed the status symbol itself being stressful. I don't think so. There's a lot of pride in just your status moving up. You get a 90s 7 series, you're happy as hell because it's yours. Moved from daddy's money to self sufficient. Your first car. Then you get a nice 00s 5 series, we moving up in the world. Then you get an old Jag as a weekend thing, oh shit, we getting fancy. It just gives you a pleasant feedback loop every year to couple years.