A new study revealed that most Americans believe an income of $100K or more can soothe financial anxieties.
Edelman Financial Engines released the “Everyday Wealth in America” study on Sept. 23. The study found that 58% of surveyors agreed that reaching this salary threshold would eliminate most living concerns. The company surveyed 3,000 Americans aged 30 and over. According to Fox News Business, half of the participants, between the ages of 45 and 70, were considered “affluent.”
Younger surveyors agreed with this notion, with most implying age is a significant factor in wealth perception. A wider majority of participants in their 30s and 40s, at 71% and 75%, respectively, agreed that a six-figure income was the golden ticket to financial security.
These findings come as inflation and cost-of-living increases have stifled many households. Although inflation has shown signs of slowing down, the issue of high prices remains most prevalent in Americans’ minds. According…
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