Don't really know. Most young people seem to be living shared accommodations. They don't want to live with their parents, so they opt to live with friends, sharing a house or an apartment. I think it all depends on what you consider to be a modest life. I suppose it depends on your expectations. I know someone who works 20 hours a week and rents a bedroom in a house. They seem content. I remember fighting with my employer to get a $10.00 wage. Now the minimum wage is $12.00. It's all relative. Stuff has gotten so expensive that people don't even bother thinking about ever affording such things as a new car or a house.