Annual salary of 100 M KRW (~68,548 USD) for a family of four: Enough vs Not Enough

 

Argument A: 

An annual salary of 100 M KRW is a lot of money, even for a single-income household, and it's not common to earn that much. For a family of four, 100 M KRW is more than enough.

VS

Argument B: An annual salary of 100 M KRW is 'not' enough for a family of four. If you earn 100 M KRW a year, your monthly net income is approximately 6.4 M KRW. For a dual-income household earning 3 M KRW and 3.5 M KRW, or 2.5 M KRW and 4 M KRW, the combined monthly net income is the same as, or even more than, 6.4 M KRW. Without owning a home, it's difficult to make ends meet with this income.

theqoo

-This question entirely depends on where and how you live. For me, it’s enough.

-How many families of four even make over 100 M KRW in a year? That’s hilarious.

-Hul, the comments... So 100 M KRW a year is so tight, they might starve to deathㅠㅠ Maybe they all need to earn 10 B KRW in a year in order to live comfortablyㅠㅠ Oh Gosh, good luck then.

-What’s not enough? With 6 million KRW a month, you can even save money.

-I live in Seoul, and my partner and I together make 150 M KRW a year. We got married without any savings or a house. As soon as we had a child, I had to take a leave of absence and the debts started piling upㅋㅋㅋ We don't have any ways to pay the debtsㅋㅋㅋ Our housing situation made things worse and the debt just kept growing. Monthly rent, maintenance fees, my parents' allowance, and my kids' tuition fees that I have to pay because I can't go to work...ㅠㅠ

-We’re a single-income household earning 6.5 M KRW a month, but it's not enough to cover the mortgage and raise two kids who are in middle and high schoolㅠ

-If I made 6 M KRW monthly, I’d have no complaints and could live how I want.

-It's not enough, but we can probably get by... It wouldn't be enough if you have loans, though. 

-It's not like we can do whatever we want with it, but it's enough to live comfortably.

-If you own a house, it might be enough. But if you don't it's not. 

-It's not enough. If you live in the metropolitan area, you'll struggle, especially if you don't own a house.