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The biggest long-term story in the US economy is the generational divide between Baby Boomers and millennials. The Boomers, born in the wake of World War II with birth dates spanning roughly 1946 ...
Boomers grew up in a time when certain luxuries were just a normal part of life. Things that now seem completely out of reach for Millenials and Gen Z. From dirt-cheap real estate to airline ...
There is a large demographic difference between the Baby Boomer generation and earlier generations, which are less racially and ethnically diverse than the Baby Boomers. This also results in a growing cultural gap: baby boomers have generally higher education, with a higher percentage of women in the labor force and more often occupying ...
As a result, millennials and Gen X plan to pass on $670,000 and $710,000 respectively during their lifetimes while boomers expect to pass on $170,000 while they're still alive.
Millennials are struggling financially compared to boomers. Find out why, and what challenges are holding them back. Why Millennials Are Struggling Where Boomers Thrived
Mannheim defined a generation (note that some have suggested that the term cohort is more correct) to distinguish social generations from the kinship (family, blood-related generations) [2] as a group of individuals of similar ages whose members have experienced a noteworthy historical event within a set period of time.
From there, the midpoint birth year of each generation was used for comparison: 1955 for baby boomers, 1972 for Generation X, 1988 for millennials and 2004 for Generation Z.
A cusper is a person born near the end of one generation and the beginning of another. People born in these circumstances tend to have a mix of characteristics common to their adjacent generations, but do not closely resemble those born in the middle of their adjacent generations, and thus these cusper groups can be considered micro generations.