Nearly half of Americans say they would need to make $100,000 a year to live comfortably, according to a new financial freedom survey from Bankrate.<\/p>\n
\n WTOP’s Jimmy Alexander reports that nearly half of Americans say they would need to make $100,000 a year to live comfortably.<\/p>\n
Nearly half of Americans said they would need to make $100,000 a year to live comfortably, according to a new financial freedom survey from Bankrate.<\/p>\n
An additional 26% said that\u2019s not enough<\/a>, and they\u2019d need to bring home $150,000 a year to achieve that feeling.\n<\/p>\n While some may raise their eyebrows at needing $150,000 just to feel comfortable, Bankrate analyst and U.S. economy reporter Sarah Foster said the data tells a different story.<\/p>\n \u201cIn many cities, $150K is actually considered middle class and especially in high-cost areas where maybe people are paying expensive rent or mortgages,\u201d Foster said.<\/p>\n She pointed out that the research shows the more someone makes, the more they feel they need to make to live comfortably.<\/p>\n \u201cI think it\u2019s very accurate to say that we\u2019re always chasing that next 15 to $20,000. We\u2019re kind of on this perpetual treadmill,\u201d Foster said with a laugh.<\/p>\n Now, living comfortably is not the same as being worry-free about money.<\/p>\n \u201cThat might still mean you worry a little bit, but at least being able to cover your bills, have something set aside for future expenses and maybe having a little bit of fun every now and then,\u201d Foster said.<\/p>\n The survey showed even though the inflation rate has dropped from a 2022 high, 75% of Americans said they are not finally secure.<\/p>\n