FINANCIAL FITNESS

Boomers define financial success as a salary of $100,000/year and net worth of $1 million. For Gen X, the numbers are $212,000/year and $5.3 million, while for Millennials they are $181,000/year and $5.6 million. However, for Gen Z, income is a staggering $588,000/year, and wealth an incredulous $9.5 million. For perspective, average income is $64,000/year and average wealth, $1 million. Successively younger generations are increasingly unrealistic and courting profound disappointment.