Generational Divide: What Americans Need to Feel Financially Successful

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Source: Deseret News
Generational Divide: What Americans Need to Feel Financially Successful
Photo: Deseret News
TL;DR Summary

A survey by Empower reveals that while most Americans prioritize happiness over wealth as a measure of success, they still associate financial success with a high income, averaging over $270,000 annually. Gen Z sets this bar even higher at $587,000, while baby boomers consider just under $100,000 sufficient. Despite these figures, only 27% view wealth as the top success indicator, with happiness, free time, and physical well-being ranking higher. The survey also highlights that hard work, talent, networking, and luck are seen as key to achieving success, though many feel they may never reach their desired level of success.

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