Gen Z and Millennials Feel They Have To Make This Amount To “Make It”
For many, reaching a salary that’s six figures long was the sign of making it. But things have changed, and that number’s gone up, a new study has found. According to Fortune, Skynova, an invoicing software firm, surveyed 1,000 young adults between the ages of 22 to 35 and found out what average salary they want to reach to feel like they’ve finally “made it.”
The survey found:
- $121,553 was the average salary all respondents said they’d need to make to feel like they’ve “made it”
- Gen Z respondents answered a bit higher, saying the salary should be $124,494
- Millennials were a bit lower, marking $120,902 as their “made it” salary
- 58% said they’re unsatisfied with what they’re currently making
All of these salaries are way above what the average American earns. In 2021, the median income was $69,717. Millennials and Gen Z are pushing this, saying that their desired pay package right now is between $71,000 and $80,000. Researchers are advising these unsatisfied younger employees to “keep in mind that they’re near the beginning of their careers, and salaries can increase with experience.”
North Carolina Ranks As One Of The Worst States For Millennials
1. Washington
Total Score: 67.45
Affordability: 6
Education & Health: 17
Quality of Life: 2
Economic Health: 3
Civic Engagement: 6
5. Illinois
Total Score: 60.28
Affordability: 2
Education & Health: 4
Quality of Life: 8
Economic Health: 46
Civic Engagement: 18
10. Colorado
Total Score: 57.55
Affordability: 49
Education & Health: 23
Quality of Life: 5
Economic Health: 10
Civic Engagement: 9
15. Vermont
Total Score: 55.80
Affordability: 48
Education & Health: 10
Quality of Life: 18
Economic Health: 11
Civic Engagement: 14
20. Connecticut
Total Score: 53.79
Affordability: 35
Education & Health: 6
Quality of Life: 21
Economic Health: 45
Civic Engagement: 12
25. Arizona
Total Score: 52.35
Affordability: 26
Education & Health: 37
Quality of Life: 32
Economic Health: 4
Civic Engagement: 19
30. Tennessee
Total Score: 50.68
Affordability: 11
Education & Health: 33
Quality of Life: 39
Economic Health: 19
Civic Engagement: 23
35. Missouri
Total Score: 49.14
Affordability: 1
Education & Health: 44
Quality of Life: 26
Economic Health: 21
Civic Engagement: 43
40. Wyoming
Total Score: 43.44
Affordability: 41
Education & Health: 34
Quality of Life: 37
Economic Health: 35
Civic Engagement: 40
45. South Carolina
Total Score: 40.76
Affordability: 18
Education & Health: 31
Quality of Life: 48
Economic Health: 28
Civic Engagement: 51
50. West Virginia
Total Score: 35.53
Affordability: 24
Education & Health: 38
Quality of Life: 51
Economic Health: 43
Civic Engagement: 49
