The majority of Gen Z say they’ll be wealthy one day, but their idea of what it means to be well-off might not be what’s expected. According to a study by Magnify Money, “72% of this population believe they’ll hit the wealth jackpot one day,” and compared to other generations, this makes them the most financially optimistic. But the study also shows that wealthy is a highly subjective term and only 23% of respondents say wealthiness means becoming a millionaire. The most common way to measure wealth is by a person’s net worth, but now Gen Z are looking at their future wealth as gaining more than just assets. The gen’s top financial goals involve the standard saving money, increasing income, and being able to live comfortably, but YPulse’s Career Goals & Employment report data also shows that for young workers, a job they enjoy is more important than a paycheck. (TheStreet)
