What it takes to be "financially successful" by generation

[zdw]

https://www.axios.com/2024/11/22/boomers-gen-z-millennials-financial-success

[Kirby64]

What exactly does “financially successful” mean? Is this just a vibes thing? By all accounts, making 600k/yr is wildly successful. Very few people who are Gen Z would be making this, as the oldest of the Gen Z cohort is only 27.

[abracadaniel → Kirby64]

It seems like this is just vibes, and is essentially a proxy for housing prices.

[coffeeindex]

Worth taking into account that a lot of Gen Z responding here are probably not very far in their career. It would be interesting to see how the other generations would have answered if they were at similar points in their life

[a_cardboard_box]

Gen Z are between the ages of 12 and 27. I wouldn't expect a 12 year old to have reasonable expectations of financial success. I suspect the Gen Z number is heavily skewed by the younger members.

[memegami]

study has bigger eyes than its stomach… gonna need a bigger sample size mom… even then… yes, world only gets more expensive… -___-

[totallykvothe]

Born right on the border between Millennial and Gen Z. I considered myself financially successful at 100k salary, and I am now paid more than that.

Does this make me a Boomer?

[4ntiq]

I can sympathize with the Gen Z here. Thanks to the internet/social media they're seeing far more than what we were privvy to when we were their age.

Namely, they're seeing the trust fund babies, but they don't know it yet. It will dawn on them soon enough.