What makes an adequate/comfortable/well off/extravagant lifestyle?

[DieAntword]

Just because I know there’s a wide diversity of incomes and lifestyles on this site, how would you personally see the minimum requirements for each category of lifestyle? What would be adequate to you? What would be comfortable? What would it take to feel “well off”? And what is the minimum you’d describe as extravagant?

Being in our 60s we've experienced all stages except actual poverty and extravagant.
Struggling, bills and mortgage paid but literally nothing in the bank by the end of the 3rd week in the month and living off beans and eggs. Disastrous if car broke down or kids shoes needed.

Adequate, everything paid and a few pounds left over.
Comfortable, a night out or two, a cheap holiday and a bit to save.
Well off, have what we want within reason, no mortgage, nice holidays and help the kids out if necessary.
But everything is relative and this was the. normal progression for everyone we knew.

Yep we are early fifties and just like you Just. And when we got comfortable we saved the excess instead of living an extravagant lifestyle. So now we are retired.

But people don't seem to be able to improve their circumstances in today's society, through no fault of their own. Yes we were poor when we were young but we never had any doubt things would get better. Young people today probably don't feel like that, and indeed in many cases, people are getting poorer not richer

Tinkly I agree. My parents are in their late sixties and my dm says that when they were my age and had young dc people didn't want for so much and there wasn't so much to have like nowadays. My dm didn't really work and my df was the main breadwinner. Mortgages were cheaper and the general cost of living was cheaper. And of course there wasn't so much technology and stuff. My dm is always saying to me that whilst my dc are young and we have childcare etc things will be hard but it won't always be like that and it will get better.