Money buys quality of life and access to distractions thay may or may not make you happy.
My companies' Pension plan for retirement is one of the best ones left and still pays comparably dog shit to an IRA and 401k. It's irrelevant to me because I'm here to do work that makes me happy.
I certainly enjoy eating at the fanciest restaurant in the area every week because it's what I used to pay for dog shit delivery in SF.
I can travel whenever I want, etc.
The only thing I'm unhappy about is not being in the same timezone as most of my friends.
Edit : like shit, my Mexican intern is struggling with his visa and might need a €10k loan from me to stay in Europe and it's nice I can actually give him that. It's untenable for the rest of the native European people on my team to even entertain such a thing, that was 1 month salary for me years ago in LA.
50k is more than most Europeans make with 3-6 years of education.... That's my point.
It is low, but the take home in Europe is even lower like 25-30k, 60k before taxes with years of education, and you're still paying €300 each month for public health insurance which takes up 5-10% of your income.
Some of my coworkers with PHDs and post docs and 5-10 years are only pulling 90k before taxes. An electric bike for example still costs €3-4k, and they have to pay for registration and insurance on it.