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Who’s Financially Smarter? Gen-Y Tops Boomers

    • then why did they vote Obama??????

    • Arguably, if they are "investing" in the casino called Wall Street, they aren't really all that much smarter.

    • Sorry....
      but you have 2 roughly 12 year demo's (X and Y) and on nearly 20??

      Sorry, but I'm 53, and I have absolutely ZERO in common with someone who is 65 or older.

    • @chiquita
      I'm guessing they wanted to avoid Great Depression II.

      Go study GD 1, see how much 'fun' it really was, then come back and chat.

    • Not too hard to save when you're still living with Mom and Dad.

    • You got the generational brackets wrong:

      Boomers: 1943 - 1960
      Generation X: 1961 - 1981
      Millenials: 1982 - 2004
      Homelanders: 2005 - ?

    • I don’t think the cut-off dates are as cast in stone as others suggest. If you include the 1961-64 group to Gen X there are actually more of us than Baby Boomers. This would turn that popular narrative on its head so almost no one suggests doing this. Instead some people have carved out those years (and a few others) for Generation Jones.

      Every demographic wants its own special niche except Gen X, who will tell you all day every day that there is no Gen X.

      This is all soft science. The real work is in the survey itself and as long as it has internal consistency it doesn’t really matter what dates they used. People born between certain dates saved less than other people who were born between other dates. Easy cheesy.


    • absolutely correct, Ted. Generations brackets are very off-mark here.Gen Y falls under 30yo (and by observation, more likely under 29yo).

    • The Boom Generation (born 1943–1960) basked as children in Dr. Spock permissiveness, suburban conformism, Beaver Cleaver friendliness, and Father Knows Best complacency. From the Summer of Love to the Days of Rage, they came of age rebelling against the worldly blueprints of their parents. Even as they proclaimed themselves “flowerpower” arbiters of public morals, youth pathologies worsened—and SAT scores began a 17-yearslide. In the early 1980s, many young adults became self-absorbed “yuppies” with mainstream careers but perfectionist lifestyles. In the early 1990s, they entered midlife and national power, trumpeting values and visions, touting a “politics of meaning,” and waging scorched-earthCulture Wars. Today, their net worth blighted by the Great Recession, most Boomers are postponing “retirement”—and preparing for an elderhood in which wisdom and meaning will have to substitute for creature comforts.

    • The Millennial Generation (born 1982–2004) first arrived amid “Babies on Board” signs, when abortion and divorce rates ebbed, the popular culture recast babies as special, and hands-off parental styles were replaced by Lamaze and attachment-parenting obsessiveness. Child abuse and child safety became hot topics, while books teaching virtues, values, and team-playing citizenship became best-sellers. As Millennials began reaching their teens in the late 1990s, youth volunteering and community service surged—while teen rates of drinking, smoking, and violent crime declined steeply. As they began entering the workforce in the early 2000s, cutting-edge employers implemented safety, feedback, mentorship, and career advancement programs in order to retain their best and brightest. Today, even as they live with or near their parents, first-wave Millennials maintain high hopes for their future in the face of record-high youth unemployment.

    • Sorry, but someone that's 35 is a Gen Y?? HOW??? They didn't come of age after 2000. They didn't turn 30 in the 2010's. They were over 30 in 2008 when the under-30's voted for Obama en masse. They were even teenagers the first year of the 1990's for crying out loud! They are supposed to be in the same generation of those who were toddlers in the early-90's? Those who just turned 21 in 2010? Those who only NOW are entering the workforce out of college, that they've been in for at least 12 years? I'd like to see someone born in 1977 say they're a "Gen Y" because they grew up in the analog age (late-80's/early-90's), NOT the digital age (late-90's/early-2000's)!!

    • I was born in 1990, there's no way I'm a different generation from 80's born and the same as someone born in the 2000's. I remember 1994 for God's sake, before the Internet was even popular and only a few years after the Soviet Union collapsed.

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