Millennial age range 20208/4/2023 ![]() Studies done by Pew Charitable Trusts, the American Enterprise Institute, the Brookings Institution, the Heritage Foundation, and the Urban Institute revealed in the report “Economic Mobility: Is the American Dream Alive and Well?” that the average income for men aged 30–39 in 2004 (those born April 1964 – March 1974) was less (by 12%) than their fathers had at that same age in 1974, thus reversing a historical trend. Generation X is the first generation ever known to challenge the notion that each generation will be better off than the one that preceded it. They experienced the emergence of music videos, new wave music, electronic music, synth-pop, glam rock, heavy metal, punk rock, grunge, and many more previously unknown music genres. Often called the MTV Generation, Xers’ hatred of Boomers can be seen in music – they transformed rock n’roll from cutesy swinging to angry screaming and brought punk, metal, and grunge into the world. Woodstock Generation X (1966-1979) – The MTV Generation Ronald Reagan – advocated tax rate reduction to spur economic growth. Robert Kennedy and Martin Luther King – advocated for the African-American Civil Rights Movement ![]() were taken by the larger and earlier group.īoth Gen X and Boomer II suffer from this long shadow cast by Boomers I. The youngest members of the Boomer II generation in fact did not have the benefits of the Boomer I class as many of the best jobs, opportunities, housing, etc. Economic struggles including the oil embargo of 1979 reinforced a sense of narcissism and a focus on self-help and skepticism over media and institutions. This first post-Watergate generation lost much of its trust in government and optimistic views the Boomers I maintained. They came of age during the Vietnam War era and Civil Rights movements. These Boomers had good economic opportunities and were largely optimistic about the potential for the future and their own lives. Boomers are bounded into two segments: Boomers I (1946-1955) – The Leading-Edge Boomers In 2004, the UK Baby-Boomers held 80% of the UK’s wealth and bought 80% of all top-of-the-range cars, 80% of cruises, and 50% of skincare products. In North America and Western Europe, Baby-Boomers are widely associated with privilege, as many grew up in a time of widespread government subsidies in post-war housing and education, and increasing affluence.Īs a group, they were the wealthiest, and the first generation to grow up genuinely expecting the world to improve with time. In the western world, Baby-Boomers are the first generation to grow up with television.īorn after the 2nd World War, they are the second-largest generation in Western history (74.9 million of them in 2015) after the Millennials. Baby-Boomers (1946-1964) – The TV generation Here’s the break-down of the main generations and their socio-cultural context.
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