How do you know if you earn well or poorly? (Hint: salary doesn't tell the whole story...)

Do you earn well or poorly? Understand 3 ways to evaluate your income
Earning well or poorly is not just a question of salary. In economics, income is relative and can be analyzed. Knowing whether you earn well or poorly goes beyond the amount that appears on your paycheck.
For the economy, income is a relative concept: it can be measured by different criteria, such as where you are in the country's income distribution, your purchasing power and how much is left at the end of each month. It is the cost of living that reveals how much your income is really worth.
Stability also comes into play. Sporadic inflows of money do not sustain a standard of living in the long term. In the end, what makes the difference is the balance of the budget: there are those who earn a lot, spend poorly and live on a shoestring, while a more modest but well-managed income offers more predictability and peace of mind.
In this video, you can see the three main ways to assess whether you earn well or poorly. Every week, g1 Explains simplifies the economy, the financial market and financial education, showing the impact of all of this on your pocket.

Source: G1