A majority of Americans now associate financial success with comfortable living rather than luxury, with 56% stating this according to Bankrate. Clarify Capital's research indicates that 58% of six-figure earners feel financially unsuccessful, prompting many to shop at discount stores and reduce dining out. Despite this, one in three express pressure to maintain a lifestyle, leading to sacrifices such as longer working hours and credit card debt. The research suggests that 24% of respondents see $500,000 as the threshold for feeling truly financially secure.
According to a recent Bankrate survey, 56% of Americans believe that living comfortably is sufficient to feel financially successful, regardless of luxury purchases.
A study by Clarify Capital revealed that 58% of six-figure earners do not feel financially successful, with many turning to discount grocery stores and dining less often.
Many respondents face pressure to maintain a certain lifestyle, with one in three admitting that it affects their wealth and peace of mind.
The research indicates that 24% of individuals consider earning $500,000 or more as a necessary amount to feel truly comfortable and financially secure.
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