Understanding Financial Needs Across Generations

What is the reported income Gen Z feels they need to feel financially secure?

• $78,000

• $171,636

• $133,000

• $150,000

What is the debt-to-income ratio most banks prefer?

• 70%

• 25%

• 36%

• 50%

How many years of full wages would it take for a Gen Z individual to afford a median-priced home?

• 4 years

• 10.89 years

• 15 years

• 7 years

What was the median home price in the 1980s?

• $227,200

• $110,000

• $417,000

• $78,000

Which city is considered most affordable for Gen Z to buy a home?

• San Francisco, CA

• Los Angeles, CA

• Fort Wayne, IN

• New York, NY

What is the current status of student debt in the U.S.?

• $1.74 trillion

• $500 billion

• $2 trillion

• $1 trillion

What is the average monthly car payment in the U.S.?

• $300

• $1,000

• $726

• $500

What percentage of Americans were living paycheck to paycheck at the end of 2023?

• 50%

• 60%

• 70%

• 40%

What is a recommended savings rate from each paycheck?

• 5-10%

• 30-35%

• 10-15%

• 20-25%

How did the standard of living in the 1950s compare to today?

• Not comparable

• The same

• Lower

• Higher