Not many Americans feel financially secure and believe they need to make close to $186,000 on average to change that, according to personal finance website Bankrate’s annual Financial Freedom Survey.
The survey found 25% of Americans say they’re secure financially, which is down from 28% in 2023.
“Overwhelmingly, we can see here that Americans just aren’t making the money that they feel like they need to earn to be financially secure, even just to live comfortably,” said Sarah Foster, an analyst at Bankrate.
The magical salary of $186,000 is almost double what the Census Bureau said the average American full-time worker makes, according to Foster. The number, however, is down from the average of $233,000 people said they felt they needed to make during last year’s survey.
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