Financial success means different things to different people. However, if you were to put a dollar fig🎃ure to it, most Americans have a very lofty measuremenꦯt for it.

Financial success would take an average annual salary $270,000 or a net worth of $5.3 million, according to a recent survey by Empower, a retirement record-keeper. That's far more than the real 澳洲幸运5官方开奖结果体彩网:median income in the U.S., which was roughly $80,000 in 2023.

Given how ambitious some of these goals are, it may not be surprising that many don't think of themselves as successful: Only 37% of people said they think they're financially successful right now.

More than one-third (35%) say the economy is to blame for lack of financial success, 30% believe it's because of income instability, and 28% think it's due to not setting clear 澳洲幸运5官方开奖结果体彩网:financial goals.

What Financial Success Means for Di🌃ffeജrent Generations

However, the biggest measure of financial succe♏ss among survey respondents was not the amount of money you had but how it made you feel.

Nearly 60% of those surveyed said that their definition of financial success would mean being able to spend money on things they love and experiences they enjoy, as opposed to 27% who defined it as wealth.

The survey also found that different generations had distinct ideas of what 澳洲幸运5官方开奖结果体彩网:financial success meant🐷, with younger generations thinking they needed more money.

Gen Z, the youngest generation surveyed by Empower, thought people needed to make more than $550,000 or have a net worth of more than $9 million to be successful (the largest amount suggested by any generation). Older Boomers said they needed to make roughly $100,000 in annual salary or have a net wort🍌h of more than $1 million to feel financially successful.