71% of Gen Z’rs think they’ll eventually make $587,797 a year

[Brolic]

Gen Zers' definition of financial success includes joining the top 1% — and they're really confident about making it

Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision "financial success."

fortune.com

According to a recent survey from financial firm Empower, Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision “financial success.”

Gen Z may not realize this, but that kind of success would put them in the upper, upper echelons of American wealth.

In fact, pay that exceeds half a million dollar a year would put them in the top 1% of earners in 32 out of 50 states, according to separate data.


Not only does Gen Z have the highest benchmarks, they are also the most confident in reaching them: 71% said they are optimistic they will achieve financial success in their lifetimes, compared to 70% of millennials, 53% of Gen X, and 45% of boomers.

 

[Matt504]

this why the system keeps these very wealthy streamers in their eyes.

 

[Vaselclean]

Lol at the title interpretation.

 

[feelosofer]

Thread title is misleading, they are saying that their bar for what they consider financial success.

 

[-DMP-]

Gen Z is right. 100k ain’t shyt.

 

[King Poetic]

Envision is the key word

Gen x and millennials had thoughts as well that wasn’t reality

And the problem with this country overall, majority of people don’t live and don’t want to live in reality

 

[Brolic]

Lol at the title interpretation.

They said their version of success is $587,797/yr and net worth of $9.47 million. 71% said they believe they’ll attain it. What am I misinterpreting?

 

[UpNext]

They might be right about those numbers in 20 years with the way the world is going. Maybe they might not be making those numbers, but in all these big cities that would be what you need.

 

[Rick Fox at UNC]

What's the problem? Depends on the audience being interviewed. If you can grab a job in tech or wall street, this is achievable.

 

[Seoul Gleou]

With the way inflation is going, they might be right

you might need 9 certs, 9 figs, and 9 feet

 

[Llcoolbay]

It also said 70% of millennials believe the same so

 

[Hater Eraser]

Gen Z is right. 100k ain’t shyt.

 

[DrunkenNovice]

The Empower “Secret to Success” study is based on online survey responses from 2,203 Americans ages 18+ fielded by Morning Consult from September 13-14, 2024. The survey is weighted to be nationally representative of U.S. adults (aged 18+).

 

[Xyrax]

What's the problem? Depends on the audience being interviewed. If you can grab a job in tech or wall street, this is achievable.

70% of a survey of over 2k people believing they will all be in the 1% of top earners in the country is dumb as hell breh. "Achievable" is obvious because there of course exists that 1% today. But 70% of people (even in a survey) expecting that they are going to be in that demo is delusional.

 

[Mordith]

Thread title is misleading, they are saying that their bar for what they consider financial success.

Fail at reading comprehension brehs