The cost of living is rising in the United States and many people are finding that maintaining a comfortable lifestyle takes significantly more income than it did in the past.
To put a number on how much it costs Americans to live comfortably, SmartAsset analyzed how much individuals and families need to earn using the 50/30/20 budgeting rule. This popular financial framework recommends allocating 50% of income to necessities, 30% to discretionary spending and 20% to savings or debt repayment. READ MORE