I always think you should look at the effective free time you have left. I can't do much in my sleep (-8h), I can't do much on my commute (-1.5h), I can't do much in my lunch break (I have to take a 45 minute lunch break by law, it's way too short to use it as actual free time, but takes another significant chunk out of your day.)
I get to 24h-8h-8h-1.5h-0.75h = 5.75h of E.F.T. that's only 24% of your day you actually have for yourself, assuming comparatively reasonable western working times and pretty average commute times.
76% of your day is not effectively free time.
I'm in Stuttgart, Germany, it's a very crowded town with very narrow roads though, so there's certainly a reason for this.
Financially, the choice is quite accessible. For many groups in the Western world a bit less so than in 1970. Especially for us geeks, more accessible than ever.
IMHO we should be working less and have more free time for activities that would be good for our spirits/souls/minds.
Where are the robots, AI and all the other technological wonders that we were expecting for the 21st century?