this post was submitted on 07 Jul 2023
30 points (85.7% liked)

United States | News & Politics

7154 readers
505 users here now

founded 4 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml
30
Americans say they need to earn $233,000 to feel financially secure, but their average salary is $75,000 (www.marketwatch.com)
submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml
7 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 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.