Imagine having savings higher than the people already living there. Many don't have $100k lying in a bank. That is enough money to buy a house or start a small business.
Exactly. The number they pulled out of their arses comes from the idea of 'what an average skilled worker earns' - but how they connected being a skilled worker to being able to support one's wife is beyond me.
How does the 75-80% of the country do that with under $1,000 saved up and a job with under half that income?? Must be magic XD
Long time no see by the way! noticed you were posting again the other day but didn't have time to read yet =D