Americans Believe Higher Incomes are Required for Financial Comfort and Wealth

A recent survey conducted by YouGov for Bankrate reveals that the average American believes they need to earn $233,000 per year to achieve financial comfort. This figure is a stark contrast to the average full-time worker's 2021 income of $75,203. Additionally, respondents believe they need to earn twice that amount, or $483,000, to feel wealthy. These perceptions are likely influenced by the unstable economy, recession fears, and layoffs that have contributed to financial insecurity.

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