According to the survey, Gen X said they'd need $5.3 million to feel successful, while millennials reported needing slightly more at $5.6 million. However, Gen Z's expectations skyrocket to an average of $9.5 million, highlighting a generational shift in financial aspirations.
The report suggests that younger generations have much higher net worth expectations than Baby Boomers, who still cling to the $1 million marker as their benchmark for success.
According to the survey, the average salary that Americans considered a measure of 'success' was $270,000 a year, yet Gen Z's average response soared to $587,797.
Despite the high monetary expectations, 58% of respondents believed they would achieve financial success in their lifetime, with the younger generations showing the most optimism.
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