Having $1 million in net worth used to be the ultimate goal, but today, some experts are concerned it may not be enough. Still, when asked in a new generational survey how much net worth would make them feel successful, Baby Boomers (ages 60 to 78) stuck to that coveted $1 million mark.
The other generations? Not even close.
According to a new survey from Empower, a financial services company, Gen X (ages 44 to 59) said they’d need $5.3 million to feel successful, and millennials (ages 28 to 43) reported a slightly higher $5.6 million. Gen Z (ages 18 to 27) went wild and responded they’d need $9.5 million, on
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