Overview

• The Bankrate survey found Americans believe they need $186,000 per year to feel financially secure.
• Gen Z reported needing $200,000 annually, the highest among all generations surveyed.
• Only 6% of Americans currently earn the amount they believe is necessary for financial comfort.
• Inflation and economic uncertainty have significantly impacted younger generations, especially Gen Z.
• Despite some economic improvements, many Americans continue to feel financial stress and insecurity.