How much do you need to earn to feel financially secure? At least six figures, many Americans say.
CBSN
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.
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