Generational Salaries -- December 3, 2022

Updates

Later, 9:55 p.m. CT this is quite coincidental. Less than an hour posting the original note below, this popped up in my twitter feed:

Original Post

Before we post the links, seniors:

• first generation to inherit money from their parents
• to date, the greatest transfer of generational wealth
  
• housing, rear-view mirror
• high cost durables: rear-view mirror
  
• automobiles: rear-view mirror
• family (supporting children): rear-view mirror
• food: expenses way down
• college: paid
  
• healthcare: almost free (Medicare)
• contributions to IRAs: rear-view mirror 
• retirement: social security, pensions, IRAs

Now the links and comments. Earlier this year, Gallup had Generation Z ending in 2004; now wiki suggests it is 2012.

Necessary salaries as seen by the different generations, link here:

Wiki, definitions: note -- Generation Z has changed, now "ends" in 2012.

From the blog, December 7, 2018:

April 16, 2022: how Gallup "defines" the generations:

• generation Z (born 1997 - 2004): 18 - 25 years old
• millennials (born 1981 - 1996): 26 - 41 years old
• generation X (born 1965 - 1980): 42 - 57 years old
• baby boomers (born 1946 - 1964): 58 - 76 years old
• traditionalists (born before 1946): over 76 years old

March 2, 2019: two "wings" of Millennials -- generation Y (1981 - 1991) and generation Z (1991 - 2001). Broad definition of "millennials": those reaching adulthood in the early 21st century. That's a very, very wide range. That would almost include some 30-ish year-old parents with teenage millennials -- in other words, millennials raising millennials. 

Comment:

• is it safe to say that early Gen Xers have more in common with their parents (Baby Boomers) and "dread" being mis-identified as a "millennial."