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Answer: The Median Household Income in the United States for 2007 was 50,233 USD. "Good" is a highly subjective term. If this median amount is more than what your yearly household expenditures are, then that's "good". A good income is something that you know will eventually settle your debts or save you some money for a holiday or for a world travel. It depends on you and how you look and spend it. So if your a late teen early 20 don't spend all your money on the most up to date stuff. Only spend it on your nessecities, an odd takeout won't hurt but watch what you do. A good income isn't 5 million a day, it's what you need. This means it varies between people. Answer: In Charles Dickens' "David Copperfield" Micawber rightly states "Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

In modern terms, if your living expenses are held below your income, you have a good life. People can always spend more than they make and be unhappy.

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15y ago
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14y ago

One that is at once high enough to make you happy to go to work, and low enough for your employer to be able to keep you as a worker.

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