this post was submitted on 07 Jul 2023
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United States | News & Politics

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Americans say they need to earn $233,000 to feel financially secure, but their average salary is $75,000 (www.marketwatch.com)
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[–] yogthos@lemmy.ml 8 points 1 year ago

The reality is that 64% of Americans live paycheck to paycheck and aren't making any actual savings. Meanwhile, median deb is around $67,000 and 37% of the population is working two full time jobs now. This situation is only getting worse as the rates rise and people have to allocate increasingly higher percentage of their income towards servicing their debts. A very small percentage of the population is in the comfortable group now.