Generation X 1965-1980
Generation X is the generation born after the Western Post–World War II baby boom, generally from 1965-1980, and represents approximately 84 million people. Gen Xers are often called the MTV Generation. They experienced the emergence of music videos, new wave music, electronic music, heavy metal, punk rock, alternative rock, and hip hop. The name is thought to have been attributed to Billy Idol and his punk rock band, Generation X. It’s been summarized as "a generation whose worldview is based on change, on the need to combat corruption, dictatorships, abuse, AIDS, a generation in search of human dignity and individual freedom, the need for stability, love, tolerance, and human rights for all." A recent study, in 2012, found that Gen X had the highest volunteer rates of any generation at 29.4%. Although the U.S. Census Bureau reports that Generation X holds the highest education levels when looking at current age groups, household income generated by males have slowed to barely keep up with inflation. In contrast, household incomes have risen primarily due to female contributions to household incomes, a growing trend with Gen X. The term Generation Flux has been used to describe Gen X’ers who may need to seek several career changes over their lives due to the job market following the financial crisis of 2007-2008. The economic future of Gen X remains untold but savings rates remain higher than previous generations providing this generation an opportunity to enjoy a meaningful retirement, however they choose to define it.