Gen Zers and millennials who make more than $100,000 a year explain how they spend their salaries

Many millennials and Gen Zers dream of the day they can wake up and say, "I made it." Some say a higher salary is the key to reaching this goal.

Gen Zers, the oldest of whom are 26, are just entering the workforce, while many millennials, who are 27 to 42, are well into their careers. A SmartAsset analysis of Bureau of Labor Statistics data from the third quarter of last year found that the median salary of a 25- to 34-year-old in the US was $52,156, while the median salary of a 35- to 44-year-old was $62,244. READ MORE