How much money do you need to make to feel financially secure?
A new study says that in Fairfax County -- the most expensive in the area -- a family of four needs to bring home about $108,000 a year to feel secure, reports WTOP. That figure includes housing, food, a doctor and a small emergency fund.
Montgomery County families, who said they needed $80,000 two years ago, now say they need $104,000, accoring to the study by Wider Opportunities for Women.
Audrey Singer, a demographer with the Brookings Institution, says the recession is a big reason behind the increase. "There's been a lot of concern about how people can make ends meet in a region such as this one, which has been fairly buffeted during the recession," Singer told the Washington Post.
Fan, Follow and Text: Get the latest from NBCWashington.com anytime, anywhere. Follow us on Twitter and Facebook. Sign up for our e-mail newsletters and get breaking news delivered right to your mobile phone -- just text DCBREAKING to 622339 to sign up. (Message and data rates may apply.)
