If you can't cover your basic needs, then yes, you are spoiled. People make due on a lot less.
Basic needs, absolutely. But the article suggests that $75,000 comfortably covers basic needs, savings, charity, and discretionary.
For me, it would not. Of course I am also thinking about this in terms of a family (wife and one young child) not an individual. If it was just me, then that number would probably be about right. My family income is a good bit more than that and we are nowhere close to living in the lap of luxury. We aren't worried about basic needs, but the other stuff (savings, charity, discretionary spending) I still feel like we are short on.
ETA: I'm not saying we couldn't survive. Of course we could. But I wouldn't feel comfortable about my level of savings and certainly would be longing for a lot of pretty run of the mill "discretionary" things.
This post was edited on 1/4 at 3:52 pm