Gen Z Aims for $600k Income to Achieve Financial Success

A survey by Empower reveals that Gen Z defines financial success as earning an annual salary of $587,797 and having a net worth of $9.47 million, placing them in the top 1% of earners in many states. Despite these high benchmarks, 71% of Gen Zers are confident they will achieve this level of success, more so than older generations. However, only 27% across all generations view wealth as the highest measure of success, with happiness and free time being more valued. Economic challenges like inflation and student debt have influenced Gen Z's financial outlook, leading to feelings of "money dysmorphia."