About 'frugal living' and 'underpaid teachers': perhaps we feel rich, precisely because we are satisfied with our ten year old toaster and our home-made lunch. Partly because we don't feel the need to consume-consume-consume, as the US has brainwashed its citizens to do. Partly because of simple cultural differences: Norwegians like to bring their own lunch; Spaniards like to go to a neighbouring lunchroom. The relative cost of said lunchroom has nothing to do with it.
Also nice to see this together with http://news.ycombinator.com/item?id=918590 . Anyone wonder why no European state has these kinds of problems?