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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 ...
Baby boomers, they're just like us. Or, rather, we're just like them. And by "we," I mean millennials. The inevitable march of time often means turning into your parents, no matter how much you ...
Wealth: Millennials at the 90th percentile of wealth distribution in the U.S. possessed about 20% more wealth than boomers did at 35 ($457,000 vs. $373,000). However, the median millennial had 30% ...
The generation gap, however, between the Baby Boomers and earlier generations is growing due to the Boomers population post-war. [clarification needed] 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.
Photo: UTI Pictures There are fewer than 20 years' difference between the youngest Baby Boomers and the oldest Millennials, but when it comes to money, the latter generation is more like their ...
Much of their parents' generation was sandwiched between the Greatest Generation and the Baby Boomers. [9] Also, by 1955, a majority of U.S. households had at least one television set, [ 10 ] and so unlike Leading-Edge Boomers born from 1946 to 1953, many members of Generation Jones (trailing-edge boomers) have never lived in a world without ...
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.