Gen Zers' definition of financial success includes joining the top 1% — and they're really confident about making it
Gen Zers' definition of financial success includes joining the top 1% — and they're really confident about making it
Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision "financial success."
Hahahahaha
(Caveat: IDK if the polling company is reliable.)
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Good luck with that, idiots. Enjoy an entire wasted life of being a temporarily embarrassed billionaire.
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Why does it make someone an idiot if they wish to be a millionaire?
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The idiotic things are:
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to make it the measure of financial success.
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to believe you can make it.
If that's your definition of financial success, you - almost certainly - will not be successful. If you are on track for, say, an Ivy League education, then you have a realistic chance, with the right degree. For most people, it will be clear by age 18 whether the chance is realistic or not.
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Millionaire isn’t 1%. Everyone with a 401(k) in their 60s is one. It’s younger if you count assets like houses.
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One doesn't need to be a billionaire to belong to the 1%
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It doesn't unless that's your only goal. Having wealth gives you a lot of flexibility and potential, but it is not a good in itself. It can be used for good or evil, and it may require great sacrifice to attain it.
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