The Generation Gap

 

Source: The Generation Gap

The Generation Gap infographic by Steve Perry highlights the birth years of different generations. The stats from 2022 led him to develop a few fun facts of the differences between the generations.

Millennials have surpassed Baby Boomers as the largest generation in the United States, with an estimated population of over 72 million. While Millennials and Gen Z face challenges in building wealth, with factors such as student loan debt and rising home prices, Baby Boomers tend to have the highest wealth accumulation, with only 20% of the population they have 52% of the wealth in the country, benefiting from longer periods of economic growth and home ownership. Older generations have traditionally had higher voter turnout rates compared to younger generations. Millennials and Generation X are becoming increasingly politically engaged. Older generations are also delaying retirement and staying in the workforce longer, leading to a “graying” of the labor force and potential competition for job opportunities with younger generations.