Study Finds Individual Comfortable Living Wage Rises to $96,500

Living comfortably now requires an annual income of more than $96,000, according to a study by SmartAsset. The personal finance website used the 50/30/20 rule, which allocates 50% of a person’s budget to needs, 30% to wants, and 20% to savings or debt, to determine the minimum pre-tax salary needed to avoid living paycheck to paycheck.

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