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23h ago

Nearly Half of Americans Say $100,000 Salary Is Minimum for Financial Security

High inflation fueled surging living expenses, pushing Americans to set higher income thresholds in a Bankrate survey.

Defining for yourself what it means to feel financially secure can depend on many factors, including your current income, how much debt you have, where you live, your age and whether you have children.
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About 77% of respondents to a new Bankrate survey claim they are not "financially secure."
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Overview

  • 45% of adults require at least $100,000 a year to feel financially secure, with 26% saying they need $150,000 or more.
  • More than half of respondents report they need to earn more than they currently do to achieve financial security.
  • 77% of Americans do not feel completely financially secure, up from 72% in 2023 and 75% in 2024.
  • Continued high inflation, rising housing and childcare costs, wage stagnation and resumed student loan payments are eroding buying power and raising income expectations.
  • Generation X respondents are most likely to set the highest thresholds, with 35% saying they need $150,000 or more.