HOW MUCH MONEY DO YOU NEED TO BE “FINANCIALLY SECURE”?

Matt Case - July 2nd, 2024 - 9:32am PDT 

Survey Finds Financial Security Elusive for Most Americans

NEW YORK  — How much money do you need to pay all your bills, enjoy a guilt-free latte, and still save a bit for a rainy day? According to a new survey, the answer is $186,000 annually. However, this figure is out of reach for the majority of Americans, with only six percent earning that amount or more.

The survey reveals a stark contrast between perceived financial security and actual earnings. Most Americans report annual incomes ranging from $50,000 to $85,000, highlighting a significant gap between what people earn and what they believe is necessary for financial stability.