AskLeo: How much you need to earn to live a decent life?
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Once i a while i get quite interested in knowing how much a person needs to let's say live a decent life. I don't mean to be rich or something but earning an amount that you won't have to worry about everyday things like groceries or buying a new shirt or having a vacation a cool island or another country for a week.
The main reason that i am interested in that question is because it constantly changes as the environment we all live in is dynamic. For example, we have new wars, diseases and an inflation that constantly increases. At the same time even without adding inflation the cost of literally everything is going up and that has multiple factors and causes.
For instance, wars, diseases, demand, and corruption are some factors that influence the cost of any product and ofc as a result the cost of living. For example, let's speak for Greece. A couple of years ago if someone earned 1000 euros net per month they could live a decent life, paying rent and even having some spare money to add to their savings account.
Nowadays the minimum wage is 667 euros net and trust me when i say this, nobody can actually live with that amount of money. Even with 1000 euros net per month, it's really hard for a person who lives by himself to get by if he/she pays rent. If let's say we got to people, like friends, roommates or a couple living together earning 1000 each it would be more viable but still quite hard for the couple let's say to make a family.
So in my humble opinion for someone with rent in Greece to live a decent life he/she needs to earn more than 1500 euros net per month, otherwise it would be quite hard. If you live in a smaller city or village it's possible to need less money to come by but in the bigger cities like the capital of Greece, Athens everything can get way more difficult, especially with the high rents that are up even 50% in a year.
Hopefully, cryptos can be a nice extra income that can help out many people and who knows, if they are quite smart or quiet they might earn an amount that is either life-changing or can be used as a decent retirement fund!
So how much money you will need in your country to live a decent life?
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Inflation is one point where nothing really matters and I guess added pressures if they start to add up, like incremental house rents and price hike of commodities corruption sometimes money laundering contribute to worsen comforts.
Living a decent life, the required money cant be specific, since the size of family, background, personal demands and expense criteria are different to person to person.
But here in my locality, I guess 1k USD is suitable to live a "decent" life, but still they would depend on expenditure habits.
in which country do you live? just to have a picture based on the 1k for a decent life!
also sorry for the late reply!