In a 2023 study, millennials reported needing to earn $525,000 a year to be happy. But $525,000 is wildly out of step with the median income for any generation, in any state. The actual percentage of the U.S. population who earn more than $500,000 per year is less than 1%. There are certainly millennials who have achieved this financial milestone, however, blindly pursuing such a lofty goal, especially one that is realistically unattainable for most, could quickly become disempowering. A better approach would be to consider your own personal financial situation and run the numbers to determine what you really need to earn to achieve your personal financial goals.
Read the full article here
