Here’s How Much Money People Need To Feel Financially Secure

When it comes to finances, we all have a number we feel would make us financially secure. But a recent study by the money management app Banktivity says the magic number to feel secure is just over $80 thousand dollars.

In fact, according to the survey, almost a third of Americans polled would run out of cash in less than a week if they were to lose their main source of income.

The average person spends $140 dollars a month on things they don’t really need. Which to some may not sound like a lot but actually comes to over $100 thousand dollars over an average adult lifetime.

The most unnecessary purchases are eating out and ordering takeout, needless groceries, online shopping and alcohol. Only 5% of respondents thought they were “financially savvy” but married couples gave themselves a significantly higher rating than single people.

 

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