Americans believe they need to earn an annual income of $186,000 to feel financially secure, according to a survey by Bankrate. This is significantly higher than the median family income, which falls between $51,500 and $86,000. Factors such as inflation and the cost of living contribute to this perception.
According to a Federal Reserve Bank of Philadelphia survey, 35% of Americans are worried about making ends meet, an increase from 29% a year earlier.
Currently, only 6% of U.S. adults earn $186,000 or more, according to Bankrate. With the median family income ranging between $51,500 and $86,000, achieving financial security remains a priority for many Americans.