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The sociological theory of a generation gap first came to light in the 1960s, when the younger generation (later known as baby boomers) seemed to go against everything their parents had previously believed in terms of music, values, government and political views as well as cultural tastes. Sociologists now refer to the "generation gap" as ...
But this fail-safe, like all the others, isn’t equally available to everyone. The wealth gap between white and non-white families is massive. Since basically forever, almost every avenue of wealth creation—higher education, homeownership, access to credit—has been denied to minorities through discrimination both obvious and invisible.
In Generations (1991) and The Fourth Turning (1997), the two authors discussed the generation gap between Baby Boomers and their parents and predicted there would be no such gap between Millennials and their elders. In 2000, they published Millennials Rising: The Next Great Generation. This work discussed the personality of the Millennial ...
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.
They have the largest wealth gap of any generation, according to the Schroders 2023 U.S. Retirement Survey. On average, these workers say it will take a bit over $1.1 million in savings to retire ...
The "generation gap" between the affluent young and their often poverty-scarred parents was a critical component of 1960s culture. In an interview with journalist Gloria Steinem during the 1968 US presidential campaign, soon-to-be First Lady Pat Nixon exposed the generational chasm in worldview between Steinem, 20 years her junior, and herself ...
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