Americans declare this factor may be an even bigger sign of achievement than affluence
Americans declare this factor may be an even bigger sign of achievement than affluence
Maybe you can buy joy, after all.
About 59% of Americans considered the highest assess of achievement to be joy – and being able to spend money on the things or experiences that brought joy, according to a update by Empower, a monetary services business.
People in the study were asked to select the top three types of achievement they valued most. Free period to pursue personal passions and physical well-being were the next highest measures, with 35% each.
Only 27% of respondents said they considered affluence to be the highest assess of achievement.
Americans in the study said challenging work, talent, connections and luck had the biggest impact on monetary achievement.
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About half of Americans said they felt less financially successful than others. Nearly 60% of the respondents said monetary achievement is harder to achieve for their creation than other generations. This sentiment was highest among millennials (69%) and lowest for baby boomers (49%).
Both millennial and Gen Z respondents were the most optimistic about the possibility of achieving monetary achievement in their lifetime.
The study also highlighted barriers to achievement, with about 35% of participants saying the economy was a hurdle and 30% identifying turnover instability as a top factor.
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Other top barriers included not setting obvious monetary goals and delaying monetary planning.
Empower surveyed 2,200 Americans ages 18 and older in September for the study.
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