New Study: Average American Household Needs $115K for Comfortable Life
Update: 2025-12-08
Description
The latest study indicates that the average American household now requires over one hundred and fifteen thousand dollars annually to live comfortably, a twenty percent surge from last year and a forty-nine percent leap since 2020. This figure, based on the fifty-thirty-twenty budgeting rule, covers basic needs and allows for savings and leisure. Single individuals face similar challenges, needing about fifty-seven thousand dollars annually, a seventeen percent hike from last year and a forty-six percent rise since 2020. Hawaii is the most expensive state, demanding nearly two hundred and fifty-two thousand dollars, while West Virginia is the most affordable, needing just over ninety-three thousand dollars. These figures highlight the escalating financial pressures many Americans are grappling with, making it increasingly difficult to attain financial stability and enjoy a high quality of life.
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