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How Much Cash Do You Really Need | Colorado Springs News
Description
New data reveals how much you really need to live comfortably in the U.S.—and it’s shockingly high. A SmartAsset report, using MIT’s living wage data and the 50-30-20 budget rule, shows singles need $90K–$100K annually in most states, while families of four require over $200K in nearly all states—with Hawaii ($129K+) and Massachusetts ($330K+) leading the pack. Surprisingly, six states saw drops in required income, including Tennessee hitting just under $90K. Despite slowing inflation, consumer spending is down and unemployment claims are rising slightly—hinting at a fragile economy.
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