Comments on: It’s Time for Generation X to Grow Up

By: Minimum Wager

Minimum Wager — Thu, 12 Jun 2008 01:36:58 +0000

Finally regarding MSNBC’s “For Gen X, Time to Grow Up and Get a Broker” – I dont know all about it – but X’ers are going to be in a short supply of productive workers. So they would rather let computers do the broker job and use people elsewhere. As it turns out, most of X’ers dont mind keeping their nest egg on internet banking systems and use internet brokerages.

By: Minimum Wager

Minimum Wager — Thu, 12 Jun 2008 01:31:15 +0000

Oh and one more – the significant importation (legal immegration) of the high tech workers around Y2K – kind of falls into the Gen X as well and a lot of them ended up staying. This somewhat evens out the effect of this big ripple – but I guess the numbers are just a drop or two in the bucket.

By: Minimum Wager

Minimum Wager — Thu, 12 Jun 2008 01:21:52 +0000

Considering that the birth rate hit lowest in 1970-72 range – the lowest demand for housing will be when these folk turn 35+ (ready to buy house) – and housing crash came about same time. Scary!! But guess what – those born around this period will retire say at 70 yrs in 2040 – the increasing number of productive workers behind you would have paid quite a bit into the system that can potentially take care of you!!!!!!!! Unless – we have used up all the gasoline and warmed up this planet to a point of no return.

By: boqueronman

boqueronman — Tue, 29 Apr 2008 15:45:26 +0000

Advice from a Boomer: With a $72 trillion unfunded liability in Medicare/aid and Social Security, you need, as a generation, to press politicians for reform of the entitlement system like… yesterday. Take a look at your pay stub sometime and just think about what you could do with the FICA tax that the government confiscates from you. How anyone of your generation can vote for a national political candidate whose platform is even more government and yet more taxes is quite beyond my understanding. Don’t worry though, I’m retired and I saved. Also, don’t worry about the irresponsible Boomers, they deserve everything they will get. Or as a now notorious person has said, their chickens will come home to roost. Best of luck to you all.

By: Minimum Wage

Minimum Wage — Tue, 27 Nov 2007 14:43:05 +0000

The only way to improve these statistics is through education and a willingness to learn.
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No, more income would also help imrove thesae statistics. I know how a mutual fund works but what use if that with no money? I don’t need education or a willingness to learn, I need income.

By: Minimum Wage

Minimum Wage — Tue, 27 Nov 2007 14:40:58 +0000

How many pairs of shoes does the average person wear out? I can easily see myself buying 30 pairs of shoes in 30 years, but I can’t see myself saving $30,000 in 30 years.

By: Credit Wizard

Credit Wizard — Sun, 18 Nov 2007 15:19:47 +0000

Based upon the scary stats that have been posted, I believe that it is safe to say that Gen-X has a priority problem. While it is no sin to enjoy some of the finer things that life has to offer…like a good pair of shoes, I think that now is the time to begin looking into other avenues of savings outside of the 401-k. I would even focus my attention on building a money market emergency cash fund as our economy is becoming very unstable. It is time to cut back on the luxuries and focus more on the necessities. Even a blind man can see the uncertainties ahead.
Credit Wizard
http://beacon850.blogspot.com/

By: Nivek

Nivek — Sat, 17 Nov 2007 15:12:36 +0000

Most of my Gen X friends’ savings efforts are crippled by their huge amounts of student debt. My own student debt is fairly significant but I’m working on a second degree. We’ll all still being payments on our student loans when its time for our kids to go to college.

By: Robert

Robert — Thu, 15 Nov 2007 16:17:56 +0000

I think it’s not just this overused and weak descriptor of “GenX” in trouble, but many people in America who’ve gone full blown into consumerism and spending, leaving nothing for the future.

By: Jeremy

Jeremy — Wed, 14 Nov 2007 16:19:57 +0000

I’m still digging for details on the survey, all I’ve found is that it was released June of 2006. If I can find out more info about how the survey was conducted, I’ll post it here. But it sounds like they did target 26-39 year olds (as of 2006).

As far as the birth years, that is something that is up for debate. Essentially it covers everyone born in the 70s to as early as the late 60s and possibly some of the early 80s.

The most common years used are 1965-1980. Ultimately, I don’t think the actual years have much to do with it. The generation classes are more or less used to describe the attitudes, values, and behaviors of a certain demographic. So, even if you were born a few years outside of what might classify you as part of that generation, depending on your surroundings when you grew up, you might have taken on the values of those of Gen X, even if you technically fall into another category.

I see this shift happen a lot in those born from about 1978-1984. I know some of those burn in 78 who act like, and come off as a classic Gen Y, while some people born in 84 are just the opposite and act like someone in their late 30s.

So it is hard to just say that because you were born in a certain year it makes you part of that particular generation, because I think a person can develop, especially at a young age to take on the behaviors of a particular generation based on many environmental factors.