Insight
Title:
Generational waves
Description:

By 2019, Generation Z will outnumber millennials, and for the first time in modern history, 5 generations will work side by side.

Demographic cohorts:

  • Gen Z: those born from 1997 onward. 1/3rd of the global population and 1/5th of the working population.
  • Gen Y or Millenials or Echo Boomers: those born between the mid-80s and the early 2000s.
  • Gen X: those born from the early to mid-1960s to the early 1980s.
  • Baby Boomers: those born between the mid-1940s and the early to mid-1960s
  • The Silent Generation or G.I. Generation (US): those born between the mid-1920s and the early-mid 1940s.

Intergenerational fairness is becoming an increasing concern. For example, tensions are emerging in the UK between boomers who believe they saved for their state pensions, and younger workers who are no longer happy to keeping paying them at such high and increasing rates. See, for example, this exchange: https://twitter.com/LBC/status/1777369475450384794 

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