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Americans say they need to earn $233,000 to feel financially secure, but their average salary is $75,000 (www.marketwatch.com)

submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] EeeDawg101@lemm.ee 5 points 2 years ago (1 children)

Geez who were they surveying, people living in San Francisco? These numbers seem ridiculously high. $2 million they say it would take to feel rich?! Wtf.. I have a feeling the people surveyed are what I would already consider rich. But it’s all relative isn’t it? I think when you’re able to start saving enough each month to easily cover rent or mortgage for the next month, you are raking it in and should be in that comfortable group.

[–] yogthos@lemmy.ml 8 points 2 years ago

The reality is that 64% of Americans live paycheck to paycheck and aren't making any actual savings. Meanwhile, median deb is around $67,000 and 37% of the population is working two full time jobs now. This situation is only getting worse as the rates rise and people have to allocate increasingly higher percentage of their income towards servicing their debts. A very small percentage of the population is in the comfortable group now.