We are talking about the U.S. here, and no, 40k or 55k are not good salaries at all. It may be OK in Europe with the lower cost of living, etc., but the price of a new car is 50k in 2026, and a basic fast food meal pretty much anywhere is well north of $10.
Very, very true a large portion of the population in the Us is definitely hurting, and the proliferation of those luxury apartments across the country are not helping the housing market.