Generational Breakdown: Information about all of the Generations

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What separates Generation Y from X? And hey, Gen Z and Gen A, welcome to the party! What’s the cutoff? How old is each generation? Are they really that different?

It is simple to see why generational cohorts are so confusing. You are not alone if you have ever been befuddled by the “alphabet soup” of names.

It is frustrating to learn that Millennials are the most financially savvy generation. Even though their present wealth has been lowered by not one but two “once in a lifetime” economic crises during their most formative working years, Millennials may become the wealthiest generation as a result of this.

Generation Z isn’t far behind, projected to hit $33 trillion in income by 2030 that’s more than a quarter of all global income  and pass Millennials in spending power the year after.

And coming up last but not least is Generation Alpha, the name given by social analyst Mark McCrindle to the youngest children on the planet. By the year 2025, there will be nearly 2 billion members of Generation Alpha across the globe.

People grow older. Birthdays stay the same.

It is usual for people to confuse generations based on their age, which can lead to a lot of misinformation. When it comes to defining generational cohorts, birth year is not the only factor. The answer is straightforward: Generations age in groups.

If you think of Millennials as college kids (18 – 22), then not only are you out of date you’re thinking of a stage in life, not a generation. Millennials are now well out of college, and that life stage is dominated by Gen Z.

Another example, a member of Generation X who turned 18 in 1998 and would now be over 40. During that time, he or she cares about vastly different issues and is receptive to a new set of marketing messages. Regardless of your age, you will always belong to the generation you were born into.

The breakdown by age looks like this:

Baby Boomers:  

Baby boomers were born between 1946 and 1964. They’re currently between 57-75 years old

Gen X:  

Gen X was born between 1965 and 1979/80 and is currently between 41-56 years old

Gen Y:

Gen Y, or Millennials, were born between 1981 and 1994/6. They are currently between 25 and 40 years old

  • Gen Y.1 = 25-29 years old
  • Gen Y.2 = 29-39 years old

However, the term “Millennial” has become the popular way to reference both segments of Gen Y.

Gen Z:

 Gen Z is the newest generation, born between 1997 and 2012. They are currently between 9 and 24 years old

Gen A:

Generation Alpha starts with children born in 2012 and will continue at least through 2025, maybe later  

In addition, individuals born between 1994 and 2000 are frequently referred to as “Zillennials,” a term that refers to those born between the end of Millennials and the beginning of Generation Z.

Originally, the name Generation Z was a placeholder for the youngest people on the planet although Generation A has now taken over that distinction.

 However, in the same way that Gen Y morphed into Millennials, there is certainly a possibility that both Gen Z and Gen A may adopt new names as they leave adolescence and mature into their adult identities.

While the label “Gen A” makes discussion easier, it may not be the last word only for this group of humans.

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Nismah Naveed Bhatti
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