Economic security is a critical part of the overall health and well-being of women, men, and children. To experience economic security, working adults must have enough income to meet their basic monthly expenses such as housing, food, transportation, and child care expenses and save for emergencies and retirement. The Basic Economic Security Tables (BEST) Index provides a measure of how much income working adults of different family types need to be economically secure in each state.

Only 67 percent of working adults (aged 19–64) in the United States are economically secure, meaning their family household income is enough to meet monthly basic expenses and reach modest asset development goals. Working men are more likely to be economically secure than working women (68.2% of men are economically secure, compared with 65.5% of women).

Just under one in four households headed by single mothers in the United States are economically secure and live with family incomes above the BEST Index for their family type. Families headed by single mothers are the least likely to be economically secure, while married couples without children are the most likely to be economically secure.


Original source & URL: HowMuch.net https://howmuch.net/articles/income-household-economic-security

How Much Money Americans Need for Economic Security in Every State

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Economic security is a critical part of the overall health and well-being of women, men, and children. To experience economic security, working adults must have enough income to meet their basic monthly expenses such as housing, food, transportation, and child care expenses and save for emergencies and retirement. The Basic Economic Security Tables (BEST) Index provides a measure of how much income working adults of different family types need to be economically secure in each state.

Only 67 percent of working adults (aged 19–64) in the United States are economically secure, meaning their family household income is enough to meet monthly basic expenses and reach modest asset development goals. Working men are more likely to be economically secure than working women (68.2% of men are economically secure, compared with 65.5% of women).

Just under one in four households headed by single mothers in the United States are economically secure and live with family incomes above the BEST Index for their family type. Families headed by single mothers are the least likely to be economically secure, while married couples without children are the most likely to be economically secure.


Original source & URL: HowMuch.net https://howmuch.net/articles/income-household-economic-security

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