man oh man do americans have a perception problem especially gen z with what is financial success

brunt i am so excited to talk about this because oftentimes i think that it's not uncommon for one generation to suggest

that the generation come behind them just they haven't got it figured out yet or maybe they get

something wrong or maybe they don't know what real life is and I think that when it comes to

finances it is no different. Now worry that there is a skewed perception of reality out there.

Well, let's face it. We live in a social media world where you have people out there putting

their highlight real only, not actually expressing what real life looks like. And they're showing you

the latest and greatest cars, their new big houses. It doesn't surprise me at all that, because we actually did content

a few years ago. You gov had a survey and people just think everybody's rich. And that's why I

would tell you, when in doubt, just understand you are richer likely than you realize because

social media is skewing your perception. And so what's great is Fidelity

had this wonderful study that came out and they said, hey, what do you perceive as wealthy? What

net worth would you say defines someone being financially successful? What I love about how this

survey broke it out is the respondents were broken out by the generation to which they belong. That

way you could see how it's changed through time. And I thought the numbers were really, really

interesting. Well, look at this. I mean, by the way, I mean, we pick on boomers, but boomers

are actually the ones living in retirement. And yet they perceive what is financial success from a net worth

standpoint. It's basically the old school million dollars. Million bucks would mean your financial

success. If you're my generation, despite what everybody says that I'm a boomer too, no, I'm

Gen X, the forgotten generation. We're a little over $5 million. I was actually shocked by this.

When I saw the content from and the research from Emp Empower is I was like, wait a minute,

that's much, much higher than what I perceive?

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