I don't understand the "OMG!!! only $120k, how could one live off of that?!?!?"
Seriously folks....
A good friend graduated from college a year an a half ago. He got married right out of school and makes about $50,000 as a programmer. He thinks he is rich. He drives a brand new car (not a luxury one, but still really nice), lives in a nice apartment, his wife isn't working, about to buy a house, has put away $$ for retirement, buys new toys all the time, and is saving up for kids. This is $50,000.
My dad probably makes $100k or so (below even the "horrible" starting salary of Primary Care) and we live in a nice house in a nice part of town, my mom works part-time to keep herself occupied (didn't at all while us kids were growing up) all the kids (3) get college paid for, we all drive nice cars, take vacations, wear nice clothes, etc, etc, etc....and he still has a lot saved up for retirement.
Heck, I even have a friend right now paying her way through college (will graduate without debt...no help with school expenses at all...family or gov), owns her own car, lives in a decent apartment, has enough $$ to have fun with all while working in a bookstore while being a full-time student. She pays for EVERYTHING with that money.
Maybe I know nothing about money, but being upset with 120k seems a bid crazy. Whatever specialty you choose you will be more then WELL off. I just don't understand how money can even be a consideration when picking an area of medicine. Maybe I am just naive.
Sorry for my rant