Millennials believe they need a salary of $525,000 per year to achieve financial happiness, according to a survey conducted by Empower and the Harris Poll. This is the highest amount among all generations.
A new poll by financial firm Empower reveals that millennials, born between 1981 and 1996, believe they need an annual salary of over $525,000 and a net worth of $1.7 million to "feel happy." In contrast, baby boomers, born between 1946 and 1964, are content with a $124,000 salary and a net worth below $1 million. Gen X and Gen Z fall in between, with each generation needing around $130,000 annually. The survey also highlights the impact of inflation on financial goals, with rising prices causing financial stress for Americans.