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Wednesday, 06/25/2025, Video Clip |
How much do you need to earn to feel financially secure? At least six figures, many Americans say. A huge swath of Americans feels under pressure to earn big bucks simply to keep pace with the rising cost of living, a new survey suggests. A poll by Bankrate found that nearly half of respondents think they need to early at least $100,00 a year to live comfortably, while a quarter said they need to make at least $150,000. To feel rich, over half said they would need annual income of at least $200,000, while 25% put the figure at $1 million, according to the personal finance firm. Bankrate researchers polled 2,260 adults across the U.S. for the survey which measures Americans' attitudes toward financial security. The upshot: Many people are increasingly unsure of whether they'll be able to get a leg up in today's economy. The share of Americans who describe themselves as not financially secure reached 77% this year, up from 75% in 2024 and 72% in 2023, according to Bankrate. "Times have shifted," Bankrate economic analyst Sarah Foster said in the analysis. "Getting rich may have once been what many Americans fantasized about, but now simply living comfortably feels like the new aspiration, as economic challenges make financial stability a rare luxury." As of 2023 (the most recent data available), median U.S. income in the U.S. was just over $60,000 for
Wednesday, 06/25/2025, Video Clip |
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Wednesday, 06/25/2025, Video Clip |
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