Generational Differences in Financial Views

SOURCE www.breitbart.com
A recent study by Empower found stark differences in what Gen Z and Boomers consider financial success. Gen Z believes success is an annual salary of $587,797 while Boomers think it's $99,874. The study also highlighted barriers to financial success including economy, income instability, lack of financial knowledge, and procrastination.

Key Points

  • Gen Z views financial success as an annual salary of $587,797 while Boomers think it's $99,874
  • Barriers to financial success include economy, income instability, lack of financial knowledge, and procrastination

Pros

  • Insightful comparison between Gen Z and Boomers' perceptions of financial success
  • Identifies common barriers to financial success such as economy, income instability, and lack of financial knowledge

Cons

  • Limited scope focusing mainly on American adults