Difficult to say... I have a daily backup rotation to an external drive, and maintan 30 days of backups on it, swaping it out for one of 2 other drives kept offsite about monthly. That's the easy answer. This is a traditional backup that is both searchable for file level data as well as recoverable to not just the current state, but up to 90 days ago, and includes Baremetal backups as well as files.
I also have utilities on several machines that replicate some critical data in near real-time (from on-write-commit to hourly), between systems. The important data all eventually ends up on the core machine that backuks up to the external drive (which internally btw is a RAID 5 for added reliability, not to be confused itself as a backup).
I also have cloud based servcies protecting some critical directories I want offsite sooner than I swap drives, which vary from real time to daily depending on the folder and the service behind it. I have about 15GB of data protercted this way, some of it to more than 1 service.
On top of that, i have full backups (aka perpetual incremental) running to an online service protecting the several hundred GBs of media we share through the house. That service provides unlimited version history beyond what i can obtain with a few HDDs, and can ship my entire dataset to me on a hard disk if i need it, and provides an online portal for file recovery. I have about 900GB up there, and it's a whopping $5 a month (it took about 3 months to seed the initial data set, but now it only runs about 1 hour a day to keep up to date, unless i dump a lot of video on the drive...)
Ive not only been through a bad data loss disaster (not a complete loss, but a setback of about 3 months of my free time to reconcile, which is bad enough) and I've seen a number of businesses close their doors forever (a few multi-million dollar businesses at that) after finding out their data backups were not properly configured, properly maintained, or properly though through (like lack of keeping records of critical things like install configurations, ADSR passwords, etc) when they had a crash; events that $10,000 investment would have prevented.
Here it is in a nutshell for all you beancounters: When you calculate the cost of a solution (hardware, software, support, and labor), you need to add 20-25% (could be as high as 50% for small businesses) to cover the costs of a proper DR plan for that investment.
For home users, $300-400 covers backups for multiple machines, including baremetal recovery (ghost or equivalent) and takes a few hours a month to ensure is working. If you have a massive media library, personal data you don't want to loose, electronic tax records or home business records you could pay penalties for loosing, or simply family pictures or video, you need a backup solution. Every PC should simply COME WITH one, but short of Apple, none do.... (OK, Vista Business and Ultimate include full system backup, but since retail machines including these editions are extremely rare, they don;t count in my opinion, and this is a feature microsoft should have included free in all editions, backup is not a value add....)