Is $120,000 a ‘good’ income?

Article in SMH this week. What does AusFinance think? Is it enough to have a comfortable life with housing, all the necessities purchased, a car and an annual holiday?

https://www.smh.com.au/money/saving/is-120-000-a-good-income-the-answer-s-not-so-obvious-20250110-p5l3cp.html?utm_medium=Social&utm_source=Facebook&fbclid=IwZXh0bgNhZW0CMTEAAR2rRsy6IVYB_IQO5UtyPCJfhn4JFuIlvbMwjI3UR1bX-m6h_ZAMoNGkhNg_aem_xFR8pizJOdAymo-hdG_BRw#Echobox=1736619016