What Is The Five Generation?

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Most scholars assert that the United States has five living generations, and that each is very distinct. A generation is defined as a group of people born around the same time whom exhibit similar characteristics, preferences, and values over their lifetimes. Each generation has likes, dislikes, and attributes that have been shaped by the events that occurred during their particular time period. Each generation is also influenced by the generation which has preceded them. Independently, generations have trends in politics, employment, and family structure that have impacted their lives and the social norms within the United Status. The GI/Silent Generation, Baby Boomers, Generation X, Generation Y, and lastly the Generation Z make up the five…show more content…
In the earlier generations wars impacted the economical status of the United States. During the GI generation they experienced the Great Depression which influenced their need to avoid debt and save their money. Later generations, including the Baby Boomers, felt that obtaining what they want could be achieved by not only working but by using credit, with total disregard for the impending implications. Due to this thought process Generation X individuals have found themselves deeply in credit card debt. However, the trend to get what one wants right away has only intensified. Brand names have also become exclusive to status which increases the need to extend credit in future generations, including Generation Y. Economic status has also been influenced by the importance placed on higher education and the requirement to possess a degree for certain employment opportunities. Millenials feel enormous pressure in the area of academics to be regarded as successful. Ultimately, later generations aim to work smarter as opposed to harder, like the former generation. Manual labor jobs are no longer sought after as more white collar jobs have become one of the aspects of the American dream. Generations X, Y, and Z share in the need to obtain more material wealth as opposed to the earlier generations which glorified large savings
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