Written By Lexx Thornton The study reveals that younger generations, particularly Gen Z, have set ambitious financial goals. Gen Z respondents believe that an annual salary of approximately $600,000 is necessary to achieve financial success, a figure that is nearly nine times the national average. In contrast, older generations, such as baby boomers, have more modest income expectations.However, all generations have a big gap between how they define success and the reality of the national average. Let’s take a look at how each generation defines a successful income and the reality for each cohort: Gen Z (born between 1997 and
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