The Ideal Annual Salary for Americans' Financial Security: Survey Results

Americans say they would need an average annual salary of $233,000 to feel financially secure and $483,000 to feel rich, according to a survey by Bankrate. Only 28% of Americans feel completely financially secure, with factors such as high inflation, the economic environment, insufficient retirement funds, and high debt contributing to their lack of security. Interestingly, the survey reveals that the more money Americans make, the more they feel they need to feel financially secure. People may be adjusting their standard of living along with their salary, with many indicating they would spend more on vacations or home updates if they received a pay increase.