North of $70K is still a ways away from $100K+ and I'd love to see which companies we're talking about here because that's not the news that reaches me from Spain. Rather the opposite.
Once you accept the fact that single income families don't afford real estate ownership, 70k is easily sufficient for a comfortable life. Again, assuming it is a double income household. It is so for the high price region in Southern Germany around Munich.
Even if life is a little more expensive in Europe, you don’t need as much emergency savings as in the US.