jerryskids 6,799 Posted November 24, 2024 Dear me... Quote Americans see ideal salary at $270K By James Callan, Editor at LinkedIn News Updated 4 hours ago How much money does it take to truly feel successful? According to a survey by financial services firm Empower, Americans have set a price tag: an annual salary of about $270,000 and a net worth of $5.3 million. Yet different demographics aspire to varying ideal salary levels: Gen Z pegs it at about $600,000, millennials aim for $180,000 and boomers target $100,000. As Bloomberg notes, those figures vastly exceed the average U.S. salary, which was $67,000 in 2023, per Social Security data. Survey respondents also found the biggest barrier to success was the state of the economy. https://www.linkedin.com/news/story/americans-see-ideal-salary-at-270k-6244340/ Have we as a society just decided to stop parenting with Gen Z? Share this post Link to post Share on other sites
Mike Honcho 5,281 Posted November 24, 2024 I don't think we can raise the minimum wage that high. 1 Share this post Link to post Share on other sites
jerryskids 6,799 Posted November 24, 2024 2 minutes ago, Mike Honcho said: I don't think we can raise the minimum wage that high. Presuming 2K hours per year of work (40 hours per week, 50 weeks), which is probably way more than Gen Z wants to work, that's a mere $300/hour. Surely we can swing that as a society? Heck, that's couch cushion money for the Geek Club. 1 1 Share this post Link to post Share on other sites
MLCKAA 574 Posted November 24, 2024 Gen X wasn’t asked about this? Share this post Link to post Share on other sites
IGotWorms 4,058 Posted November 24, 2024 lol wow, maybe Gen Z should just start with a focking job? 1 Share this post Link to post Share on other sites
IGotWorms 4,058 Posted November 24, 2024 1 minute ago, MLCKAA said: Gen X wasn’t asked about this? How much can you get paid getting stoned and playing hacky? Share this post Link to post Share on other sites
EternalShinyAndChrome 4,106 Posted November 24, 2024 1 minute ago, MLCKAA said: Gen X wasn’t asked about this? We're the forgotten generation for a reason. You don't want Gen X weighing in on things - it won't end well for the other generations. Better to leave sleeping giants alone. Share this post Link to post Share on other sites
thegeneral 3,214 Posted November 25, 2024 600k annual and 5 mil in the bank is pretty ideal I suppose. Share this post Link to post Share on other sites
MLCKAA 574 Posted November 25, 2024 2 hours ago, IGotWorms said: How much can you get paid getting stoned and playing hacky? That’s a nice stereotype and all, but not really accurate. Share this post Link to post Share on other sites
Reality 3,121 Posted November 25, 2024 That's funny, the IT company I work for goes out of it's way not to hire anybody under 30. Share this post Link to post Share on other sites
IGotWorms 4,058 Posted November 25, 2024 1 hour ago, MLCKAA said: That’s a nice stereotype and all, but not really accurate. I know Late stage Gen Xer here Share this post Link to post Share on other sites
Hardcore troubadour 15,433 Posted November 25, 2024 Gen x elected Trump. Proud. Share this post Link to post Share on other sites
jerryskids 6,799 Posted November 25, 2024 1 hour ago, squistion said: Ratarded? I intentionally misspelled the word to avoid triggering folks like yourself. I'd say HTH, but you put me on ignore while not ignoring way more offensive posters, because you know that you have no response to my posts, like this one. Feel free to prove me wrong. 1 Share this post Link to post Share on other sites
Engorgeous George 2,331 Posted November 25, 2024 12 hours ago, squistion said: Ratarded? Rodentially stupid. Dumb as a shithouse rat. 1 1 Share this post Link to post Share on other sites
Cdub100 3,908 Posted November 25, 2024 They aren't wrong. What's the avg salary to live comfortably? It's like 120k. So yeah double that would be ideal. Y'all are still living in the 90s. With all the inflation since then and the hyper inflation these past 4 years. Everything cost way more but our salaries haven't kept up. Share this post Link to post Share on other sites
IGotWorms 4,058 Posted November 25, 2024 2 hours ago, Cdub100 said: They aren't wrong. What's the avg salary to live comfortably? It's like 120k. So yeah double that would be ideal. Y'all are still living in the 90s. With all the inflation since then and the hyper inflation these past 4 years. Everything cost way more but our salaries haven't kept up. “Ideal” salary is basically infinity. But if we’re using any kind of reasonableness, then yeah Gen Z is wrong. 600k is ridiculous. But Americans as a whole say $270k and if that’s a household income that’s not too far off from what I’d say and what you’ve come up with above. I’d say the 200-220 range is probably reasonable for most locations. Share this post Link to post Share on other sites
jerryskids 6,799 Posted November 25, 2024 2 hours ago, Cdub100 said: They aren't wrong. What's the avg salary to live comfortably? It's like 120k. So yeah double that would be ideal. Y'all are still living in the 90s. With all the inflation since then and the hyper inflation these past 4 years. Everything cost way more but our salaries haven't kept up. I don't disagree with you that "ideal" and "comfortably" are subjective terms which are open to interpretation, nor that we've had inflation. My point tho was the huge disparity between Gen Z and even millenials -- $600K vs. $180K. It perhaps speaks to the differences in interpretation of those words by the youngest generation, as well as expectations. Share this post Link to post Share on other sites
jerryskids 6,799 Posted November 25, 2024 Somebody mentioned Gen X -- if you click through to the link of the actual survey, Gen X is actually there, they just weren't called out in the article. Their answer was $212K, which is higher than millenials. This makes some sense. Gen X is by and large the generation raising kids these days, so it seems reasonable that they would consider a larger salary ideal vs. millenials. Boomers are largely retired, and don't need as much. Then there is Gen Z with their $600K... eesh. Perhaps you can argue that they are too young to have a reasonable expectation? Then again, we let these people vote as if they know something... Share this post Link to post Share on other sites
listen2me 23 1,873 Posted November 25, 2024 Millennials FTW I would not say gen x is raising kids more so than millennials. The youngest millennials are like late 20s. Share this post Link to post Share on other sites
Cdub100 3,908 Posted November 26, 2024 6 hours ago, IGotWorms said: “Ideal” salary is basically infinity. But if we’re using any kind of reasonableness, then yeah Gen Z is wrong. 600k is ridiculous. But Americans as a whole say $270k and if that’s a household income that’s not too far off from what I’d say and what you’ve come up with above. I’d say the 200-220 range is probably reasonable for most locations. I miss read the article. I thought it said GenZ thought $270k was reasonable. 600k is too much, but I also think 270k is not enough. Thinking about the average home cost compared to what my parents paid for and their salary, 600k isn't too far off from that. Share this post Link to post Share on other sites