Experts say more and more Americans say they need more money to feel financially safe — a phenomenon based solely on financial situations.
According to Monday Poll By insurance companies. Actually, it feels financially safe, just one in four Americans said they need at least $150,000, which is much higher than the median salary in the United States $62,000 per yearAccording to the Bureau of Labor Statistics.
It is said that partly due to high inflation, which has increased by about 24% since the 2020 pandemic. This means that $150,000 of the salary survey is sought in 2025, which is equivalent to $120,000 in 2020. BLS.
While it has risen since the pandemic, some pillars of U.S. living and car prices have also been double-digit since 2019, said Brandon, a professor at Pepperding University’s School of Business. Parsons.
“We’ve experienced some of the highest inflation levels since the 1970s, and this shock has led to perceptions of higher cost of living, whether exaggerated or not,” Parsons told Parsons. wealth.
Nevertheless, wage perceptions are based on the economic basis, said Elizabeth Renter, senior economist at Nerdwallet. A Nerdwallet report last year found that 42% of Americans made six-figure or more claims to be in life “Salary pays to salary.”
The renter tells wealth. “Lifestyle creep means that many of us end up spending more money as our income increases.”
Although Americans think they need higher salaries, the economy and market seem to be in good shape. USA additional 139,000 jobs in May exceeded analyst expectations, while the unemployment rate remained at 4.2%. Meanwhile, the stock returns to the vicinity Record highsalthough recently Geopolitical uncertainty.
But people still feel the pressure of rising prices, and because of inflation, even the $150,000 salary investigators seek for money no longer offer the same luxury goods as before. wealth.
“As the expensive economy today makes it more expensive from housing and education to health care and parenting, many Americans find themselves struggling to earn even six-figure income. In many high-cost cities and states, $150,000 is considered a middle-income salary,” she said.
