NEW YORK (MainStreet) Are you getting paid what you're worth? Most Americans (65%) don't think so, but there is a magic number that many of us are looking to attain and once there, the more we make the less it matters, according to a survey by CareerBuilder. The income tipping point hovers around $75,000.
"The survey supports past research suggesting that the $75,000 threshold is particularly significant, as this level allows households in most areas of the country to not only get by, but enjoy an ideal lifestyle and a secure future," says Rosemary Haefner, vice president of human resources at CareerBuilder. "Interestingly, what workers would ultimately like to earn does not necessarily factor into what they need for a successful career."
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If you're looking to move up the pay scale to reach your target income, just ask. Most workers (56%) have never asked for a raise but when they do, the success rate is high. Two-thirds (66%) of workers who asked for a raise received one. However, women are less likely to have asked for a salary increase (38%) than men (49%).The $75,000 to less than $100,000 income level seems to be the sweet spot for American workers. More than three-fourths (78%) of survey respondents said they don't need to earn $100,000 or more to be at the top of their game. But nearly twice as many men (29%) than women (15%) said they needed to earn $100,000 or more to be successful.