Here's the Average Salary Americans Need to Feel ‘Financially Healthy' at Every Age

  • 📰 NECN
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 71%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

As inflation continues to rise, it has become noticeable everywhere, from grocery prices to travel costs. In fact, 40% of Americans say they plan to cut back their spending on food and travel if prices continue to increase.

"Whereas Gen Z has the highest salary expectations to be financially healthy, they have the lowest savings amount to be financially healthy," Deer says.

The noticeable jump between Gen Z and baby boomers' savings expectations may help explain why the younger generations crave higher salaries:"Lower savings for younger generations basically means you have a stronger need to be able to build a nest egg," says Deer. Each generation may also have different priorities. Around half of millennial respondents say they'll spend more time planning for a vacation than planning for retirement. They are also the generation least likely to cut back on travel as a whole because of inflation.

In times like these, it is important not to forget to live, Deer says. Everyone should be asking themselves,"Can you do what you want today while also positioning yourself positively for the future?"

Source: Healthcare Press (healthcarepress.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt All about feelings! Ignorance. When I was 16 I wanted $100 an hour but I could only make $2.35 an hour. I was so mad I kicked and screened for days and days. Then I got a review and got a raise for all my hard work. $0.05 an hour was huge. So silly goose! You get what youEARN

MakeIt Love IT Make More Keep More With NEBuMAX IT Solutions

MakeIt There is no avg right now, bad timing for this to b put out, all the ratios r out of whack

MakeIt Just get a guy with a huge wallet

MakeIt It’s not about salary, it’s about spending. The faster you figure this out, the faster your finances will improve.

MakeIt I made 120k .it is still not enough. I had drinking problems though

MakeIt Qu MehdiKarami is only 22 ! He's in danger of being executed by the Islamic Republic for seeking freedom! Mehdi and dozens of other protesters are tried without their lawyers. Be his voice!

MakeIt Better if healthcare is made more affordable by, 1. Allowing more medical colleges in USA 2. Straight forward admission steps to these colleges 3. Incentivizing speciality midsize hospitals with treatment subsidy from Fed by diverting all the aid money going out of the country.

MakeIt 7 million a year is all I need.

MakeIt Someone knows

MakeIt Fake News

MakeIt Elon Musk jut said DOGE TO THE MOOOOOOOOOOOOOOON!!!!!! :)❤️ Dogecoin ❤️

MakeIt Okay millennials! How many of us have 350k in the bank? Don't raise your hands all at once.

MakeIt When it comes to making money there are no enemies

MakeIt I am healthy if you get a hat nasty shit off my body, I don't get sick bill.

MakeIt You know what would help a lot? Less taxes.

MakeIt Looks like GenZs are slightly confused 😂

MakeIt And these salary ranges change every 6 months to adjust for 18% real inflation! 😂

MakeIt it's going down the American standard of living..the good days are over

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Firmino, Kane, Sterling: Every Premier League manager's three most picked playersEven hard-nosed Premier League managers have their favourites, and these players are they.
Source: F365 - 🏆 5. / 97 Read more »

Ana De Armas Transforms Into Marilyn Monroe In The Latest Trailer For Netflix’s ‘Blonde’Ahead of its much-delayed 2022 release on Netflix, here’s a summary of every major talking point about the film.
Source: BritishVogue - 🏆 14. / 80 Read more »

Complete guide to the Commonwealth Games 2022The Commonwealth Games opening ceremony is tonight - here's everything you need to know about it Strange how we are told the uk is one country yet we will all have different national flags and anthems on show
Source: LBC - 🏆 17. / 74 Read more »

Addison Rae: from TikTok sensation to fashion darlingAddison Rae: from TikTok sensation to fashion darling – here's all that you need to know about the social media icon
Source: hellomag - 🏆 24. / 68 Read more »

Glasgow's latest tapas bar and kitchen to open in south side next monthExciting news for southsiders from the team behind a popular deli - here's all you need to know about G41 and its plan for cocktails, wine beer and Mediterranean tapas.
Source: Glasgow_Live - 🏆 4. / 97 Read more »