A $100,000 annual income used to be the gold standard for “making it” in America, but it’s increasingly seeming like it’s not enough to…
"The benchmark of a six-figure salary used to be the gold standard income," Sabrina Romanoff, a clinical psychologist, told CNBC."It represented the tipping point of finally earning a disposable income and building savings and spending based on your wants, not just your needs.", with 26% saying they would need a salary in the range of $100,000 to $149,000 per year, according to a 2023 CNBC Your Money survey conducted by SurveyMonkey.
I opened two accounts to help grow my savings. Here's what I learned as a Gen Z personal finance reporterOp-ed: I'm an advisor who helps clients navigate layoffs. Here's my best advice to prepare"Unfortunately, what has happened is that wages haven't kept up with the cost of living, by and large, for the last 50 years or so," said Elise Gould, senior economist at Economic Policy Institute.
Using that framework, GoBankingRates found that all 50 states require more than a $100,000 annual income, according to the report, with 38 states needing more than $140,000.$1.13 trillion on their credit cards
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