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Generation X

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Generation X (or Gen X) is the demographic cohort following the baby boomers and preceding the Millennials. Researchers and popular media typically use birth years ranging from the early-to-mid 1960s to the early 1980s.

Generation Xers were children during a time of shifting societal values and as children were sometimes called the "latchkey generation", due to reduced adult supervision as children compared to previous generations, a result of increasing divorce rates and increased maternal participation in the workforce, prior to widespread availability of childcare options outside the home. As adolescents and young adults, they were dubbed the "MTV Generation" (a reference to the music video channel). In the 1990s they were sometimes characterized as slackers, cynical and disaffected. Some of the cultural influences on Gen X youth were the musical genres of grunge and hip hop music, and independent films. In midlife, research describes them as active, happy, and achieving a work–life balance. The cohort has been credited with entrepreneurial tendencies.

Origin of term

Douglas Coupland popularized the term Generation X in his 1991 novel Generation X: Tales for an Accelerated Culture.

The term Generation X has been used at various times to describe alienated youth. In the early 1950s, Hungarian photographer Robert Capa first used Generation X as the title for a photo-essay about young men and women growing up immediately following World War II. The term first appeared in print in a December 1952 issue of Holiday magazine announcing their upcoming publication of Capa's photo-essay.[1] The term acquired its contemporary application after the release of Generation X: Tales for an Accelerated Culture, a 1991 novel written by Canadian author Douglas Coupland.[2][3] In 1987, Coupland had written a piece in Vancouver Magazine titled "Generation X" which was "the seed of what went on to become the book".[4][5] Coupland referenced Billy Idol's band Generation X in the 1987 article and again in 1989,[6] but Coupland has stated that

The book's title came not from Billy Idol's band, as many supposed, but from the final chapter of a funny sociological book on American class structure titled Class, by Paul Fussell. In his final chapter, Fussell named an "X" category of people who wanted to hop off the merry-go-round of status, money, and social climbing that so often frames modern existence.[7][4]

Billy Idol had attributed the name of his band to the book Generation X, a 1965 book on popular youth culture written by two British journalists, Jane Deverson and Charles Hamblett.[2][8] Their use of the term appears to have no connection to Robert Capa's photo-essay.[1]

Author William Strauss noted that around the time Coupland's 1991 novel was published the symbol "X" was prominent in popular culture, as the film Malcolm X was released in 1992, and that the name "Generation X" ended up sticking. The "X" refers to an unknown variable or to a desire not to be defined.[9][10][3]

In the U.S., some called Generation Xers the "baby bust" generation because of the drop in the birth rate following the baby boom.[11]

Author Neil Howe noted the delay in naming this demographic cohort saying, "Over 30 years after their birthday, they didn't have a name. I think that's germane." Previously, the cohort had been referred to as Post-Boomers, Baby Busters, New Lost Generation, latchkey kids, MTV Generation, and the 13th Generation (the 13th generation since American independence).[12][9][6][13][14]

Birth dates

Generation X is the demographic cohort following the post–World War II baby boom, representing a generational change from the baby boomers.

Many researchers and demographers use dates which correspond to the fertility-patterns in the population, which results in a Generation X starting-date of 1965, such as Pew Research Center which uses a range of 1965–1980,[15] Australia's McCrindle Research Center which uses 1965–1979,[16] and Gallup which also uses 1965–1979.[17] PricewaterhouseCoopers, a multinational professional services network headquartered in London, describes Generation X employees as those born from 1965 to 1980.[18]

Authors William Strauss and Neil Howe define Generation X as those born between 1961 and 1981. They argue that those born between 1961 and 1964 are part of Generation X rather than the Baby Boomers because they are distinct from the Boomers in terms of cultural identity and shared historical experiences.[19]

Some researchers use dates similar to Strauss and Howe's such as the University of Michigan's Generation X Report, a quarterly research report from The Longitudinal Study of American Youth, which defines Generation X as those born between 1961 and 1981.[20]

Author Jeff Gordinier, in his 2008 book X Saves the World, defines Generation X as those born roughly between 1961 and 1977 but possibly as late as 1980.[21] Canadian author and professor David Foot divides the post-boomer generation into two groups: Generation X, born between 1960 and 1966; and the "Bust Generation", born between 1967 and 1979, In his book Boom Bust & Echo: How to Profit from the Coming Demographic Shift.[22][23]

Other demographers and researchers use a wide range of dates to describe Generation X, with the beginning birth-year as early as 1960[24] and with the final birth year as late as 1984.[25][26]

Individuals born in the Generation X and millennial cusp years of the late 1970s and early to mid 1980s have been identified as a "microgeneration" with characteristics of both generations.[27] Names given to these "cuspers" include Xennials,[28] Generation Catalano,[29] and the Oregon Trail Generation.[30]

Demographics

United States

A 2010 Census report counted approximately 84 million people living in the U.S. who are defined by birth years ranging from the early 1960s to the early 80s.[31] In a 2012 article for the Joint Center for Housing Studies of Harvard University, George Masnick wrote that the "Census counted 82.1 million" Gen Xers in the U.S. The Harvard Center uses 1965 to 1984 to define Gen X so that Boomers, Xers, and Millennials "cover equal 20-year age spans".[25] Masnick concluded that immigration filled in any birth year deficits during low fertility years of the late 1960s and early 1970s.[25]

Jon Miller at the Longitudinal Study of American Youth at the University of Michigan wrote that "Generation X refers to adults born between 1961 and 1981" and it "includes 84 million people".[32]

In their 1991 book "Generations" authors Neil Howe and William Strauss, used 1961 to 1981 for Gen X birth years. At the time it was published they wrote that there are approximately 88.5 million U.S. Gen Xers.[33]

The birth control pill, introduced in the early 1960s, was one contributing factor of declining birth rates seen in the late 1960s and 70s. However, increased immigration partially offset declining birth rates and contributed to making Generation X an ethnically and culturally diverse demographic cohort.[12][26]

Characteristics

As children and adolescents

Authors William Strauss and Neil Howe, who wrote several books on generations, including the 1993 book specifically on Generation X 13th Gen: Abort, Retry, Ignore, Fail?, reported that Gen Xers were children at a time when society was less focused on children and more focused on adults.[34] Gen Xers were children during a time of increasing divorce rates, with divorce rates doubling in the mid-1960s, before peaking in 1980.[12][35][36] Strauss and Howe described a cultural shift where the long-held societal value of staying together for the sake of the children was replaced with a societal value of parental and individual self-actualization. Strauss wrote that society "moved from what Leslie Fiedler called a 1950s-era 'cult of the child' to what Landon Jones called a 1970s-era 'cult of the adult'."[34][37] The Generation Map, a report from Australia's McCrindle Research Center writes of Gen X children: "their Boomer parents were the most divorced generation in Australian history".[38]

The Gen X childhood coincided with the sexual revolution, which Susan Gregory Thomas described in her book In Spite of Everything as confusing and frightening for children in cases where a parent would bring new sexual partners into their home. Thomas also discussed how divorce was different during the Gen X childhood, with the child having a limited or severed relationship with one parent following divorce, often the father, due to differing societal and legal expectations. In the 1970s, only 9 U.S states allowed for joint custody of children, which has since been adopted by all 50 states following a push for joint custody during the mid-1980s.[39][40]

The time period of the Gen X childhood saw an increase in latchkey children, leading to the terminology of the "latchkey generation" for Generation X.[41][42][43] These latchkey children lacked adult supervision in the hours between the end of the school day and when a parent returned home from work in the evening, and for longer periods of time during the summer. Latchkey children became common among all socioeconomic demographics, but were particularly common among middle and upper class children. The higher the educational attainment of the parents, the higher the odds the children of this time would be latchkey children, due to increased maternal participation in the workforce at a time before childcare options outside the home were widely available.[42][44][45][46][47][48] McCrindle Research Center described the cohort as "the first to grow up without a large adult presence, with both parents working", stating this led to Gen Xers being more peer-oriented than previous generations.[38]

The United Kingdom's Economic and Social Research Council described Generation X as "Thatcher's children" because the cohort grew up while Margaret Thatcher was Prime Minister from 1979 to 1990, "a time of social flux and transformation".[49] In South Africa, Gen Xers spent their formative years of the 1980s during the "hyper-politicized environment of the final years of apartheid".[50] In the US, Generation X was the first cohort to grow up post-integration. They were described in a marketing report by Specialty Retail as the kids who "lived the civil rights movement." They were among the first children to be bused to attain integration in the public school system. In the 1990s, Strauss reported Gen Xers were "by any measure the least racist of today's generations".[37][51] In the US, Title IX, which passed in 1972, provided increased athletic opportunities to Gen X girls in the public school setting.[52] In Russia, Generation Xers are referred to as "the last Soviet children", as the last children to come of age prior to the downfall of communism in their nation and prior to the fall of the Soviet Union.[16]

Politically, in the United States, the Gen X childhood coincided with a time when government funding tended to be diverted away from programs for children and often instead directed toward the elderly population, with cuts to Medicaid and programs for children and young families, and protection and expansion of Medicare and Social Security for the elderly population. One in five American children grew up in poverty during this time. These programs for the elderly were not tied to economic need. Congressman David Durenberger criticized this political situation, stating that while programs for poor children and for young families were cut, the government provided "free health care to elderly millionaires".[37][53]

Gen Xers came of age or were children during the crack epidemic, which disproportionately impacted urban areas and also the African-American community in the US. Drug turf battles increased violent crime, and crack addiction impacted communities and families. Between 1984 and 1989, the homicide rate for black males aged 14 to 17 doubled in the US, and the homicide rate for black males aged 18 to 24 increased almost as much. The crack epidemic had a destabilizing impact on families with an increase in the number of children in foster care.[54][55] Generation X was the first cohort to come of age with MTV and are sometimes called the MTV Generation.[56][57] They experienced the emergence of punk rock, music videos, grunge, alternative rock and hip hop.[58]

The emergence of AIDS coincided with Gen X's adolescence, with the disease first clinically observed in the United States in 1981. By 1985, an estimated one to two million Americans were HIV positive. As the virus spread, at a time before effective treatments were available, a public panic ensued. Sex education programs in schools were adapted to address the AIDS epidemic which taught Gen X students that sex could kill you.[59][60] Gen Xers were the first children to have access to computers in their homes and schools.[38] Generally, Gen Xers are the children of the Silent Generation and older Baby Boomers.[21][38]

As young adults

In the 1990s, media pundits and advertisers struggled to define the cohort, typically portraying them as "unfocused twentysomethings". A MetLife report noted: "media would portray them as the Friends generation: rather self-involved and perhaps aimless...but fun." [56][61] In France, Gen Xers were sometimes referred to as 'Génération Bof' because of their tendency to use the word 'bof', which translated into English means 'whatever".[16] Gen Xers were often portrayed as apathetic or as "slackers", a stereotype which was initially tied to Richard Linklater's comedic and essentially plotless 1991 film Slacker. After the film was released, "journalists and critics thought they put a finger on what was different about these young adults in that 'they were reluctant to grow up' and 'disdainful of earnest action'."[61][62]

Stereotypes of Gen X young adults also included that they were "bleak, cynical, and disaffected". Such stereotypes prompted sociological research at Stanford University to study the accuracy of the characterization of Gen X young adults as cynical and disaffected. Using the national General Social Survey, the researchers compared answers to identical survey questions asked of 18–29-year-olds in three different time periods. Additionally, they compared how older adults answered the same survey questions over time. The surveys showed 18–29-year-old Gen Xers did exhibit higher levels of cynicism and disaffection than previous cohorts of 18–29-year-olds surveyed; however, they also found that cynicism and disaffection had increased among all age groups surveyed over time, not just young adults, making this a period effect, not a cohort effect. In other words, adults of all ages were more cynical and disaffected in the 1990s, not just Generation X.[63][64]

In 1990, Time magazine published an article titled "Living: Proceeding with Caution", which described those in their 20s as aimless and unfocused; however, in 1997, they published an article titled "Generation X Reconsidered", which retracted the previously reported negative stereotypes and reported positive accomplishments, citing Gen Xers' tendency to found technology start-ups and small businesses as well as Gen Xers' ambition, which research showed was higher among Gen X young adults than older generations.[61][65][66] As the 1990s and 2000s progressed, Gen X gained a reputation for entrepreneurship. In 1999, The New York Times dubbed them "Generation 1099", describing them as the "once pitied but now envied group of self-employed workers whose income is reported to the Internal Revenue Service not on a W-2 form, but on Form 1099".[67] In 2002, Time magazine published an article titled Gen Xers Aren't Slackers After All, reporting four out of five new businesses were the work of Gen Xers.[51][68]

In 2001, sociologist Mike Males reported confidence and optimism common among the cohort saying "surveys consistently find 80% to 90% of Gen Xers self-confident and optimistic."[69] In August 2001, Males wrote "these young Americans should finally get the recognition they deserve", praising the cohort and stating that "the permissively raised, universally deplored Generation X is the true 'great generation,' for it has braved a hostile social climate to reverse abysmal trends", describing them as the hardest-working group since the World War II generation, which was dubbed by Tom Brokaw as the Greatest Generation. He reported Gen Xers' entrepreneurial tendencies helped create the high-tech industry that fueled the 1990s economic recovery.[69][70]

In the US, they were described as the major heroes of the September 11 terrorist attacks by author William Strauss. The firefighters and police responding to the attacks were predominantly Generation Xers. Additionally, the leaders of the passenger revolt on United Airlines Flight 93 were predominantly Gen Xers.[65][71][72] Author Neil Howe reported survey data showed Gen Xers were cohabitating and getting married in increasing numbers following the terrorists attacks, with Gen X survey respondents reporting they no longer wanted to live alone.[73] In October 2001, Seattle Post-Intelligencer wrote of Generation Xers: "now they could be facing the most formative events of their lives and their generation".[74] The Greensboro News & Record reported Gen Xers "felt a surge of patriotism since terrorists struck" reporting many were responding to the crisis of the terrorist attacks by giving blood, working for charities, donating to charities, and by joining the military to fight The War on Terror.[75] The Jury Expert, a publication of The American Society of Trial Consultants, reported: "Gen X members responded to the terrorist attacks with bursts of patriotism and national fervor that surprised even themselves".[65]

In midlife

Google co-founder Sergey Brin, speaking at a Web 2.0 conference

Guides regarding managing multiple generations in the workforce describe Gen Xers as: independent, resourceful, self-managing, adaptable, cynical, pragmatic, skeptical of authority, and as seeking a work life balance.[56][76][77][78] In a 2007 article published in the Harvard Business Review, authors Strauss & Howe wrote of Generation X; "They are already the greatest entrepreneurial generation in U.S. history; their high-tech savvy and marketplace resilience have helped America prosper in the era of globalization."[79] In the 2008 book, X Saves the World: How Generation X Got the Shaft but Can Still Keep Everything from Sucking, author Jeff Gordinier describes Generation X as a "dark horse demographic" which "doesn't seek the limelight". Gordiner cited examples of Gen Xers' contributions to society such as: Google, Wikipedia, Amazon.com and YouTube, arguing if Boomers had created them, "we'd never hear the end of it". In the book, Gordinier contrasts Gen Xers to Baby Boomers, saying Boomers tend to trumpet their accomplishments more than Gen Xers do, creating what he describes as "elaborate mythologies" around their achievements. Gordiner cites Steve Jobs as an example, while Gen Xers, he argues, are more likely to "just quietly do their thing".[21][80]

In 2011, survey analysis from the Longitudinal Study of American Youth found Gen Xers to be "balanced, active, and happy" in midlife (between ages of 30 and 50) and as achieving a work-life balance. The Longitudinal Study of Youth is an NIH-NIA funded study by the University of Michigan which has been studying Generation X since 1987. The study asked questions such as "Thinking about all aspects of your life, how happy are you? If zero means that you are very unhappy and 10 means that you are very happy, please rate your happiness." LSA reported that "mean level of happiness was 7.5 and the median (middle score) was 8. Only four percent of Generation X adults indicated a great deal of unhappiness (a score of three or lower). Twenty-nine percent of Generation X adults were very happy with a score of 9 or 10 on the scale."[20][81][82][83]

In terms of advocating for their children in the educational setting, author Neil Howe describes Gen X parents as distinct from Baby Boomer parents. Howe argues that Gen Xers are not helicopter parents, which Howe describes as a parenting style of Boomer parents of Millennials. Howe described Gen Xers instead as "stealth fighter parents", due to the tendency of Gen X parents to let minor issues go and to not hover over their children in the educational setting, but to intervene forcefully and swiftly in the event of more serious issues.[84] In 2012, the Corporation for National and Community Service ranked Gen X volunteer rates in the U.S. at "29.4% per year", the highest compared with other generations. The rankings were based on a three-year moving average between 2009 and 2011.[85][86]

In the United Kingdom, a 2016 study of over 2,500 office workers conducted by Workfront found that survey respondents of all ages selected those from Generation X as the hardest-working employees in today's workforce (chosen by 60%).[87] Gen X was also ranked highest among fellow workers for having the strongest work ethic (chosen by 59.5%), being the most helpful (55.4%), the most skilled (54.5%), and the best troubleshooters/problem solvers (41.6%).[88][89]

In 2016, a global consumer insights project from Viacom International Media Networks and Viacom, based on over 12,000 respondents across 21 countries,[90] reported on Gen X's unconventional approach to sex, friendship and family,[91] their desire for flexibility and fulfillment at work[92] and the absence of midlife crisis for Gen Xers.[93] The project also included a 20 min documentary titled Gen X Today.[94] Pew Research, a nonpartisan American think tank, describes Generation X as intermediary between baby boomers and Millennials on multiple factors such as attitudes on political or social issues, educational attainment, and social media use.[95]

Arts and culture

This illustration shows three cultural touchstones for Generation X: singer Michael Jackson, who dominated pop charts in the 1980s; alien characters from the popular arcade video game Space Invaders; and a videocassette, which revolutionized home entertainment by enabling TV viewers to record shows and watch prerecorded films at home.

Music

Gen Xers were the first cohort to come of age with MTV. They were the first generation to experience the emergence of music videos as teenagers and are sometimes called the MTV Generation.[56][57] Gen Xers were responsible for the alternative rock movement of the 1990s and 2000s, including the grunge subgenre.[66][96] Hip Hop and rap have also been described as defining music of the generation, including Tupac Shakur, N.W.A. and The Notorious B.I.G.[58]

Punk

As Generation X began to enter adolescence a new generation of rock bands arose such as the Ramones, Johnny Thunders and the Heartbreakers, The Dictators in New York City, the Sex Pistols, the Clash, the Damned and, Buzzcocks in the UK, and the Saints in Brisbane— by late-1976 these acts were generally recognized as forming the vanguard of "punk rock". While at first the bands were not Gen Xers themselves, the fan base for the early bands was increasingly Gen X and it therefore made a significant imprint on the cohort.[97] As 1977 approached and the first Gen Xers were solidly in their teens, punk rock became a major and highly controversial cultural phenomenon in the United Kingdom.[98] It spawned a punk subculture expressing youthful rebellion characterized by distinctive styles of clothing and adornment (ranging from deliberately offensive T-shirts, leather jackets, studded or spiked bands and jewelry, as well as bondage and S&M clothes) and a variety of anti-authoritarian ideologies that have since been associated with the form.[99]

By 1977 the influence of punk rock music and subculture became more pervasive, spreading throughout various countries worldwide.[100] It generally took root in local scenes that tended to reject affiliation with the mainstream.[101] In the late 1970s punk experienced its second wave in which acts that were not active during its formative years adopted the style, and Gen Xers were becoming the creators as well as the consumers.[102] By the early 1980s, faster and more aggressive subgenres such as hardcore punk (e.g. Minor Threat), street punk (e.g. the Exploited, NOFX) and anarcho-punk (e.g. Subhumans) became the predominant modes of punk rock. Musicians identifying with or inspired by punk often later pursued other musical directions, resulting in a broad range of spinoffs, giving rise to genres such as post-punk, new wave and later indie pop, alternative rock, and noise rock. By the 1990s punk rock re-emerged in the mainstream, as punk rock and pop punk bands with Gen X members such as Green Day, Rancid, The Offspring, and Blink-182 brought the genre widespread popularity.[103]

Grunge

Nirvana singer Kurt Cobain (pictured here in 1992) was called the "voice of Generation X", playing the same role for this demographic as Bob Dylan played for 1960s youth and that John Lennon played for the baby boomers.[104]

A notable example of alternative rock is grunge music and the associated subculture that developed in the Pacific Northwest of the US. Grunge song lyrics have been called the "...product of Generation X malaise".[105] Vulture commented: "the best bands arose from the boredom of latchkey kids". "People made records entirely to please themselves because there was nobody else to please" commented producer Jack Endino.[106] Grunge lyrics are typically dark, nihilistic,[107] angst-filled, anguished, and often addressing themes such as social alienation, despair and apathy.[108] The Guardian wrote that grunge "didn't recycle banal cliches but tackled weighty subjects".[109] Topics of grunge lyrics included homelessness, suicide, rape,[110] broken homes, drug addiction, self-loathing,[111] misogyny, domestic abuse and finding "meaning in an indifferent universe."[109] Grunge lyrics tended to be introspective and aimed to enable the listener to see into hidden personal issues and examine depravity in the world.[104] Notable grunge bands include: Nirvana, Pearl Jam, Alice in Chains, Stone Temple Pilots and Soundgarden.[109][112]

Hip hop

The mainstream hip hop music made in the late 1980s and early 1990s, typically by artists originating from the New York metropolitan area.[113] was characterized by its diversity, quality, innovation and influence after the genre's emergence and establishment in the previous decade.[114][115][116][117][118] There were various types of subject matter, while the music was experimental and the sampling eclectic.[119] The artists most often associated with the period are LL Cool J, Run–D.M.C., Public Enemy, the Beastie Boys, KRS-One, Eric B. & Rakim, De La Soul, Big Daddy Kane, EPMD, A Tribe Called Quest, Slick Rick, Ultramagnetic MC's,[120] and the Jungle Brothers.[121] Releases by these acts co-existed in this period with, and were as commercially viable as, those of early gangsta rap artists such as Ice-T, Geto Boys and N.W.A, the sex raps of 2 Live Crew and Too Short, and party-oriented music by acts such as Kid 'n Play, The Fat Boys, DJ Jazzy Jeff & The Fresh Prince and MC Hammer.[122]

This cartoon depicts a 1980s-era dancer doing breakdancing, an African-American dance form that was a key part of hip hop culture.

In addition to lyrical self-glorification, hip hop was also used as a form of social protest. Lyrical content from the era often drew attention to a variety of social issues including afrocentric living, drug use, crime and violence, religion, culture, the state of the American economy, and the modern man's struggle. Conscious and political hip hop tracks of the time were a response to the effects of American capitalism and former President Reagan's conservative political economy. According to Rose Tricia, "In rap, relationships between black cultural practice, social and economic conditions, technology, sexual and racial politics, and the institution policing of the popular terrain are complex and in constant motion. Even though hip hop was used as a mechanism for different social issues it was still very complex with issues within the movement itself.[123] There was also often an emphasis on black nationalism. Hip hop artists often talked about urban poverty and the problems of alcohol, drugs, and gangs in their communities.[124] Public Enemy's most influential song, "Fight the Power," came out at this time; the song speaks up to the government, proclaiming that people in the ghetto have freedom of speech and rights like every other American.[125]

Indie films

Gen Xers were largely responsible for the "indie film" movement of the 1990s, both as young directors and in large part as the movie audiences fueling demand for such films.[66][96] In cinema, directors Kevin Smith, Quentin Tarantino, Sofia Coppola, John Singleton, Spike Jonze, David Fincher, Steven Soderbergh,[126][127] and Richard Linklater[128][129] have been called Generation X filmmakers. Smith is most known for his View Askewniverse films, the flagship film being Clerks, which is set in New Jersey circa 1994, and focuses on two convenience-store clerks in their twenties. Linklater's Slacker similarly explores young adult characters who were interested in philosophizing.[130] While not a member of Gen X himself, director John Hughes has been recognized as having created a series of classic films with Gen X characters which "an entire generation took ownership of," including The Breakfast Club,[131][132] Sixteen Candles, Weird Science and Ferris Bueller's Day Off.[133]

Economy

Studies done by the Pew Charitable Trusts, the American Enterprise Institute, the Brookings Institution, the Heritage Foundation and the Urban Institute challenged the notion that each generation will be better off than the one that preceded it.[134][135][136]

Workforce participation and income

A report titled Economic Mobility: Is the American Dream Alive and Well? focused on the income of males 30–39 in 2004 (those born April 1964 – March 1974). The study was released on 25 May 2007 and emphasized that this generation's men made less (by 12%) than their fathers had at that same age in 1974, thus reversing a historical trend. It concluded that per year increases in household income generated by fathers/sons have slowed (from an average of 0.9% to 0.3%), barely keeping pace with inflation. "Family incomes have risen though (over the period 1947 to 2005) because more women have gone to work",[137][138][134][139] "supporting the incomes of men, by adding a second earner to the family. And as with male income, the trend is downward".[138][134][139]

Generation Flux is a neologism and psychographic designation coined by Fast Company for American employees who need to make several changes in career throughout their working lives because of the chaotic nature of the job market following the Financial crisis of 2007–08. Those in "Generation Flux" have birth years in the ranges of Gen X and Millennials.

Entrepreneurship

According to authors Michael Hais and Morley Winograd:

Small businesses and the entrepreneurial spirit that Gen Xers embody have become one of the most popular institutions in America. There's been a recent shift in consumer behavior and Gen Xers will join the "idealist generation" in encouraging the celebration of individual effort and business risk-taking. As a result, Xers will spark a renaissance of entrepreneurship in economic life, even as overall confidence in economic institutions declines. Customers, and their needs and wants (including Millennials) will become the North Star for an entire new generation of entrepreneurs.[140]

A 2015 study by Sage Group reports Gen Xers "dominate the playing field" with respect to founding startups in the United States and Canada, with Gen Xers launching the majority (55%) of all new businesses in 2015.[141][142]

Offspring

Generation Z are usually the children of Generation X,[143][144][145] and sometimes Millennials.[146] Jason Dorsey, who works for the Center of Generational Kinetics, observed that like their parents from Generation X, members of Generation Z tend to be autonomous and pessimistic. They need validation less than the Millennials and typically become financially literate at an earlier age as many of their parents bore the full brunt of the Great Recession.[147]

See also

References

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