Generational Divide: Boomers vs. Gen Z on Financial Success Benchmarks

A study by Empower reveals significant generational differences in perceptions of financial success, with Boomers considering $100,000 annually as successful, while Gen Z believes $600,000 is necessary. The average American views $270,000 as the benchmark for financial success. Despite these high expectations, 71% of Gen Z are optimistic about achieving financial success, highlighting a shift in income expectations and aspirations across generations.