I had to give up a job that paid exactly that. If I had that job, I could afford to buy a house, pay off my car and actually have a good savings. If you're smart with your money, $55,000/year can go a long way. Climb the corporate ladder for those raises and bonuses. Good luck.
$55,000.00 is a decent salary if living in some cities in the US. If not in US it remains to be seen. Children, how many student loans, the hours involved, whether you are the sole bread winner in a family of 6 all have to be factored in