Half of Americans Lack Income for Basic Living
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New research from the Urban Institute highlights a startling reality: half of Americans struggle to meet basic living expenses, with a household needing around $145,000 annually for economic security. This figure surpasses the median income of married couples and includes costs like healthcare, education, and retirement funds. Despite solid salaries, many feel squeezed by rising prices, unable to build financial cushions. The findings align with a Wall Street experts claim that the true poverty line is around $140,000, far above the governments official mark. Older households need about $108,500 annually due to healthcare expenses, and the gap may persist as wage growth matches inflation, with some families facing additional pressure from lost health plan subsidies.
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