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It isn’t a LOT of money but it is drastically more. Where I live you can survive making around 35-40k. The way I see it is that is your baseline requirement. So someone who makes 60k has about 20-25k spending money to improve their situation. Someone making 150k has 110-115k to improve their situation. So I would argue they are in practice more than 5 times richer. $55/day spending vs $301/day.
You can raise a family one fairly easily.
Anyways… that’s off topic haha