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Yo_Mama_Been_Loggin

(116,960 posts)
Fri Dec 13, 2024, 02:57 PM Dec 13

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



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
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