graduate admissions - Is it a bad idea to say in my statement of purpose that I want to pursue a PhD in applied mathematics primarily to work in industry?

I am seeking some general advice from applied mathematicians at American universities. In my statement of purpose, would my stating that I want to pursue a PhD in applied mathematics primarily for the purpose of working in industry be a bad idea, in general?

This would be sort of "keeping it real" and being honest, when knowing that the vast majority of phds will end up in industry and not in academia, where jobs are extremely scarce.

Or is it still better to tell them what they want to hear? I am assuming that what they want to hear is that I want to be an academic and make contributions to teaching and publish in academic journals, etc.