Yours and the other comments below are all saying "yeah, it's fine, you can do it if you don't have kids nor health insurance". Which basically means "it's not fine". A good standard of living is not measured by how a person can live as long as she remains single and decides to forego health insurance.
I addressed that in my comment; I pointed out that raising children has always been financially more difficult than being single, and humans have always had to prepare themselves for starting a family if they wanted any chance at raising the standard of living of their children. Saying "you cannot start a family on minimum wage" is a ridiculous bar to set as justification for forcing market restrictions on entire populations.
