I still don't make as much as I did in advertising - a decade ago - and I live perfectly comfortably, on my own, in a two bedroom apartment, in one of the most liveable cities in the world (Melbourne) and I work for a not for profit. I don't eat as much caviar as I used to, I guess.
I think there are plenty of people in the world who look upwards and consider themselves poor when they're on six figures. Maybe this kid wasn't as smart as you thought.