The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.
“We’re just coming out of this really unusual time when we had pandemic scarcity, we had loss of work. And I think it’s sort of distorted perceptions about the cost of living,” said Peter C. Earle, an economist at the American Institute for Economic Research. “Lockdowns were a sort of existential experience for a lot of people.”
Lower-income families, earning less than $40,000 per year, told Gallup pollsters a household needs $66,310 a year to get by, on average. Upper-income households, earning $100,000 or more, said nothing short of $100,000 would suffice.living paycheck-to-paycheckTen years ago, in an earlier Gallup poll, the average American believed a household could get by on $58,000 a year. That number exceeded the median household income at the time, $52,250.
A lot has changed in a decade. In 2023 America, the average family might reasonably expect the price of groceries and gas to climb by 5 percent or 10 percent per year into perpetuity. The average homeowner might assumein the 5-percent to 7-percent range for the foreseeable future, after a decade of historically low rates.
Salaries haven’t kept pace with inflation. Rising interest rates have pushed up housing costs. The SmartAsset report found that the average income to maintain a “comfortable lifestyle” rose by 20 percent between 2022 and 2023, from $57,013 to $68,499 in take-home pay, in the 25 largest metro areas., assumes the average family will allocate half of its after-tax income to basic living expenses, 30 percent to discretionary spending and 20 percent to savings and debts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
American woman injured in fatal attack on fellow American tourist near German castle released from hospitalA 22-year-old American injured in an attack last week near a castle in Germany that led to the death of her 21-year-old American friend has been released from a hospital.
Leer más »
WTI Price Analysis: Sticks to gains near daily peak, comfortably above $71.00 markWestern Texas Intermediate (WTI) Crude Oil prices build on the overnight bounce from a three-day low and gain some positive traction during the Asian
Leer más »
These are the most American-made cars, trucks and SUVs of 2023 - AutoblogCars.com has released its 2023 American-Made Index, ranking cars by how American they are, whether or not it's an American brand.
Leer más »
American woman who was pushed and fell 165 feet near German castle is released from hospitalPolice in southern Germany say an American tourist who was pushed into a ravine during an attack near Neuschwanstein castle in which her 21-year-old friend was killed has been released from the hospital
Leer más »
Biden’s ‘American dream’ nominee would unleash a nightmarePresident Joe Biden’s nominee to lead the Department of Labor, Julie Su, testified during a House Committee on Education and the Workforce hearing recently. As an opponent of small businesses, freelancers, and franchisers, Su has demonstrated a bias against the nation’s entrepreneurs.
Leer más »