Gen Z has WILDLY different ideas on wealth and that's why they voted for Trump/Musk

[Yo_Mama_Been_Loggin]

American generations have wildly different views on wealth according to a survey conducted 7 weeks before the election, in September this year. Voronoi is a relatively new website that presents data in graphic format. Unfortunately, Kos won’t let me upload the graphic, so you will have to go here to see it: www.voronoiapp.com/… Boomers think about a million dollars in net worth represents financial success. Gen Z thinks you have to have 9.5 million dollars to be financially successful.

The question asked: “Thinking about an annual salary (e.g., the money you earn at a job per year) and an "all in" dollar amount (e.g., your overall net worth), how much money would it take for you to be financially successful?”

No wonder Gen Z voters, the ones who swung overwhelmingly from Biden to Trump in November, are so frustrated and hopeless feeling. Gen Z respondents thought the minimum annual salary to represent financial success was $588K per year. Boomers, $100K. Gen X, $212K and Millennials (the ones so many thought were so spoiled, $181K.

The actual average salary in the US is just under $64K per year. The average net worth, $1.1 million.

https://www.dailykos.com/stories/2024/12/12/2062284/-Gen-Z-has-WILDLY-different-ideas-on-wealth-and-that-s-why-they-voted-for-Trump-Musk

[atreides1]

1. Gen Z

Seem to be more rooted in fantasy then a group of Middle School kids playing Magic the Gathering!!!

[Fiendish Thingy]

6. Only if you believe the falsehoods in this story. Nt

[Midnight Writer]

2. Well, lookee there. Every time the 1% wealth goes up, everyone else's wealth goes down.

I reckon that's what "trickle down" means.

Wonder what would happen if the wealth of the 1% went down?

Spoiler: Unless it is from a total economic meltdown, everybody else's piece of the pie would be bigger.

[question everything]

3. They will be very disappointed as they go through life

[Blue_Tires]

11. Like I said to some mad GenZ Trumper kid on Twitter...

There comes a difficult time in the lives of 95 percent of men (usually in our early/mid 20s) where we realize we're not going first overall in the NBA draft, we're not going to cut a double platinum pop record, we're not going to discover Microsoft while working in our garage, we're not going to drive the Indianapolis 500, we're not going to be an astronaut, we're not going to be an A-list actor and we're not going to marry whatever celebrity sexpot young folks dream about these days... And this is usually when we grow the hell up, re-evaluate what's important in our life goals, and readjust our sights....

[bucolic_frolic]

4. Everything is free for Gen Z

You just put in $10 a month on your cell phone RobinHood account, and it magically grows. The largesse of Great Recession, QE1-2-3-4, and Pandemic years has distorted minds as well as economic reality. They are in for a rude awakening. Million dollar homes are expensive to insure, repair, and maintain, the labor is not always cheap, materials scarce.

[Fiendish Thingy]

5. Except Gen Z didn't vote for Trump

Not the majority of Gen Zer’s anyway.

Sure, Trump got a chunk Joe Rogan bros, but that isn’t justification for this article, which just perpetuates more lies about voting trends.

The bigger, more significant and accurate story has two parts:
1) how did so many voters of all ages get fooled into believing so many outrageous lies?
2) why did so many voters, of all ages, choose to stay home and not vote? More voters stayed home than voted for either candidate- “none of the above” is the actual winner of the popular vote.

[Basso8vb]

7. Most of them didn't vote for the orange degenerate.

Schlock.

[DFW]

8. A salary under $588,000 means you're not successful?

I personally know exactly one person under 40 who earns a salary like that, and she doesn’t even live in the USA.

I REALLY hope that’s not typical of a whole generation of Americans. If that were a typical salary of a whole generation, inflation would be at 20%, and you couldn’t book a flight or a vacation less than six months in advance.

Granted, $1 million in savings at age 60 will no longer be enough let you take early retirement with a Rolls Royce, a McMansion and two four month cruises a year in a first class cabin. But few people, I’d bet, really aspire to that. And having a savings portfolio worth by $9 million is probably not in the cards for most of them, either. And they MUST know that voting for Trump, and even eliminating the income tax altogether will not magically elevate their savings to such a level. I can’t accept that we have raised a whole generation to really believe this. It’s like saying that kids in England universally believed that Alice in Wonderland was a true documentary.

[Blue_Tires]

9. I'm 48 and I make way less than 64k in salary

Yet oddly it doesn't make me want to vote for a Nazi...

[Blue_Tires]

10. God, please make this shit stop

Okay, I'll play -- Exactly WHAT do they think the angry orange idiot and his apartheid errand boy are going to do to make their lives better?

And do they honestly believe $588,000 a year is the baseline for "financial independence"? They've been watching WAY too many Instagram model videos...