Of course I was simplifying a bit and I obviously know that the first person in a household is the most expensive. But then again your parents (the pensioners) most likely do not live in the same household and should not for a number of reasons.
Keep in mind that I tried to describe why I think it is not unreasonable to expect to keep only a tiny fraction of your salary. Of course this cannot be realized in the current system of ultra-low wages. I am arguing here for (and actually also advocating to go back to) a system where only a small fraction of the population does paid work but then earns enough to support a sizeable number of people.
For Germany, the only country where I can judge the numbers, I would aim for a median gross salary of 80-90kEUR/year and/or a minimum salary at or above 30 EUR/hour. I think this should easily push the employment numbers from no 40 million well below 20 million which to me seems much more sustainable long term.
1950's tech does not sound so bad to me. And imagine that crushing economy in 1900 would probably have made WWI less technical and more like a Napoleonic war. Still pretty bad for those involved but most likely less devastating for the general public. Also it would have produced a clear winner so may have avoided WWII. Combined with less polution & no internet this does not seem like a pretty good outcome. But of course it is hard to predict from today's prespective and would have been impossible to see in 1900.
However today we know that we need to be at zero carbon world wide in 10 years. There is no way we can still achieve this without crushing a lot. We may have been able to do it pretty mildly if we had started focusing fully on it 40 years ago. Now I think we can only try to crush anything at seems remotely disposable, take stock in 20-30 years and may then be able to reestablish a few things that, in hindsight, we had crushed unnecessarily.
I am middle aged now, so I am fucked anyway. I can either struggle through the necessary fundamental changes for the next 30-40 years and maybe see how things start to improve by the end of my life (given I live long enough) or I will be able to witness the mounting problems of climate change until, when I am old living standards will be pretty bad, society will be pretty transformed to the bad from continiously fighting the climate refugees and medical care will be minimal because we will of a dwindling economy. I would strongly prefer the first option but I a pretty certain I am going to get the second.
"I'm not a god, I was misquoted." -- Lister, Red Dwarf