A Bankrate survey revealed that 77% of U.S. adults do not feel financially secure, with more than a quarter of respondents stating they would need to earn $150,000 or more per year to feel financially comfortable.
Inflation has impacted purchasing power, with a $100,000 salary in January 2020 having the same buying power as $124,353 in April 2024, according to data from the Bureau of Labor Statistics.
Many respondents expressed pessimism about their financial futures, with nearly one-third believing they would never be financially secure. Different generations and genders showed varying levels of financial security concerns.
Overall, financial stress is prevalent among U.S. workers, with many living paycheck to paycheck. While base pay remains crucial, factors like job security, equity, and financial well-being are increasingly important in job offers.