Gen-Z Says $150k Per Year Isn't Enough to Be Happy…
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Published 2024-03-04
For Millennials the salary to be “healthy” is $133k, for Gen X its right around $112k, and for Baby Boomers its $78k.
- Millennials: $133,758
- Gen X: $112,222
- Baby boomers: $78,317
We’re diving into what cost of living looks like for Gen-Z and Millennials today with updated data and taking a look into whether or not their claim is justified.
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⏱️ Timestamps:
0:00 - Start Here
0:51 - Housing Affordability
4:38 - West/East Coast Prices
5:40 - Education
7:34 - Transportation
9:07 - A Twist
10:24 - Wha
All Comments (21)
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Thanks for watching all! Let me know what your thoughts are down below :)
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Zer here. I always thought making 100k was the holy grail… I’m now two years in to making 100k and I can confirm it only goes as far as my stupidity lets it go
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I think the idea of not going to college, and then somehow starting a business is very unrealistic for the vast majority of people. Most businesses fail and require capital.
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On social media, it's never enough.... Even in Dubai they don't have enough.
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I was 26 years old when I found out I was happier making less with the woman I loved than making more without her. Best choice I ever made. Money doesnt buy happiness but financial literacy does take a lot of stress away.
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I just bought a low priced home in Washington (232K) on a 60K salary. Sadly I only have 10K in my 401K. I’m in my mid-forties and this is my first home.
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Gen X graduated college in 1989 and thought if I earned $40K/year, I had made it. My starting salary was $26k
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I have a family of 4 and work 2 jobs for a total of $84k a year. Money is tight, our vacations consist of hanging out at Costco, and the thought of owning a home seems impossible. All that being said, we are incredibly happy. I love both my jobs, we have a roof over our head, and I can pay bills. Money isnt everything folks.
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39yrs old. 140K annual salary in technology field. About 40K in retirement, 100K in liquid, and a $2400/mo mortgage with 2 kids. I wouldnt be as effective in my career had it not been for my degree, it also helped me land my first job at a great company that catapulted me ahead in my career progression. Dont skip a legitimate degree kids!! Education is never a waste.
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Only 20 years old and currently saved 45k in investments. But make 30k a year in the navy. Made the best decision to join the military rather than go to college right after high school. No student debt or credit debt.
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I don't get why these housing affordability surveys only ever talk about the median home price. If you're in the youngest 25% of all adults you don't need a house that's more expensive than 50% of all houses.
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My childcare cost right now is the same as my mortgage, $2500 a month.
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I'm gen z and I make $35k a year. It's more than enough. It got me a mortgage 2 years ago, I save more than $500 a month for home repairs, and I have a few hundred extra dollars each month for my hobbies. I have no idea why people insist on living in cities where $150k a year is the minimum required to live, especially if they DON'T have the skills required to make that much.
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What the hell is going on in Lexington Kentucky
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I agree about college. Start with community college & then transfer to a four-year school.
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Those people they asked to participate in the survey might be crazy, spoiled, or don't know the value of money, etc. Ridiculous.
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You probably wont see this but your videos lately have been killer. Really digging into the anxiety of our generations (18-35) and everything people that struggle to think about in our modern era of social media
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For your example of purchasing a house in the early 80's, you forgot to account for prevailing interest rates back then, which were significantly higher than they are now, peaking around 18% in 1981.
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Bought my first house a little over a year ago at 31 with a 65k income. This is in a low cost of living rural area though. No auto loans or student loans, so the mortgage is my only debts.
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4:20 I remember the 1980s. You need to change that mortgage rate from 6% to 16%.
