The newest survey from Bloomington-based Country Financial shows most Americans believe they'd be able to live well if they made about 5% more money. Joe Burhmann is manager of financial Security at Country. He says those results are true for people making $35,000, or $100.000 a year:
"What we saw in the survey was that those making less than $50,000 felt that making more than $50,000 they would feel well off, and the same thing in that 50-to-$100,000 range they felt if they were making MORE than 100,00 they would feel a lot more well off."
Burhmann says some people may have to reassess what it means to be "Well off" versus "Comfortable." He calls the difference the "Comfort Gap." Joe Burhmann says about 3 percent of those in the survey consider themselves wealthy. He says the survey shows most in that category believe $25,000-to-$50,000 a year is enough to live financially secure.
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