The average American says they need to earn $233,000 a year to be financially comfortable. But in 2021, American workers on average made only $75,203 annually. With well over half of Americans living paycheck to paycheck, many are struggling to meet some of their modest financial goals. 72% of Americans said they currently weren’t financial secure, and more than a quarter of Americans said they’ll likely never be. So how did it become so difficult to be financially secure in America and what can you do about it?
Chapters:
00:00 — Introduction
01:18 — Affordability
05:30 — Credit is expensive
09:06 — Solving financial security
Produced & Edited by: Juhohn Lee
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Sources: Bureau of Labor Statistics, OECD, Fidelity, Redfin
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How Much Money Do Americans Need To Be Comfortable?
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