Earlier quoted context omitted.
One thing expats definitely have to do is readjust their expectations about cost of living and relative expenses. While the payroll for your average European tech guy is nowhere near the stellar heights of the SV bro's, the buying power in Europe is at a level higher than you might expect. Whereas, for a single night out in SoCal I'd spend $100 - $150, dinner movie and drinks - here in Vienna I'd get through just as…
This is completely true. And also, if money feels like it could be an issue, and you are coming from the US with a US network, it's still pretty easy to find contracting work with your US-based network at US rates. That's what we did once we quit our jobs and I was pretty much working 2 days/week.
Its just the employment laws that make half your paycheck disappear every month. But, don't worry, when you need healthcare you won't be going anywhere near a bankruptcy procedure. I broke my arm a few years back and needed reconstructive surgery that would have cost me multiple $100,000+'s in the USA - whereas here in Austria, even unemployed, I was covered and did not have to pay a dime.