With rising living costs due to inflation, many people find it challenging to manage their expenses. The minimum salary needed to live comfortably in America varies based on individual circumstances, such as location and family size. While some Reddit users suggested a single person might need $60,000, others indicated families could require up to $150,000. Ultimately, the required amount to 'get by' is subjective and heavily influenced by one’s specific living situation and financial obligations. Overall, understanding these factors is crucial in budgeting and financial planning.
These days, a lot of people are struggling to make ends meet in the wake of rampant inflation. It's fair to say that it takes more money to live comfortably today than it did even a few years ago.
Figuring out how much money you need to earn to be comfortable is as hard as figuring out how much you need to retire. It depends on you - where you live, what your bills look like, and what you want.
Different commenters said varying amounts for minimum salaries needed: from $60,000 for a single person to $150,000 for a family of three in certain cities.
The reality is that living costs vary by location. In some parts of the country, you can buy a nice home for $250,000; in others, that barely buys you a driveway.
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