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Millennials need $525K for happiness, boomers content at $124K

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A recent poll has shed light on the stark differences in financial expectations and contentment between millennials and baby boomers.

According to the survey, millennials feel they need a whopping $525,000 a year to achieve a state of happiness, while their older counterparts, the baby boomers, are content with a much lower annual income of $124,000.

The findings raise questions about how generational factors influence perceptions of financial well-being and happiness.

The poll, conducted by a prominent research firm, delved into the financial aspirations and contentment levels of over 10,000 respondents from various age groups across the United States.

Millennials, who have grown up in an era marked by economic volatility and soaring living costs, appear to have higher financial expectations.

This generation’s desire for a substantial income may be attributed to factors such as student loan debt, the high cost of homeownership, and the pressure to achieve financial stability in a rapidly changing job market.

In contrast, baby boomers, who came of age during a different economic landscape, seem to have a more modest outlook when it comes to money and happiness.

Their lower financial threshold for contentment may be linked to a sense of financial security that was more attainable during their working years.

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Money

The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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Money

LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Money

Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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