Generations X And Y - Who Are They And What Problems Wait For Them

Generations X And Y are the two generations that follow the baby boomers. While the period of the boomers are pretty clearly defined, the scales for generations X and Y are more indistinct. It is acknowledged that generation X starts at 1965 because that is the year in which the birthrate started to decline. Some put the end of generation X as early as 1976, others as late as 1982. It is convenient to accept it to be around 1980 and to then define the time for generation Y as from 1981 until the end of the century.

While generation X is fairly small than the baby boomers, about one third smaller, generation Y is roughly the same size as the boomer group at around 78 million or so. With only an estimated 51 million people, generation X has neither the buying power or the capability to make an impact as the baby boomers and generation Y.

The members of generation X are comfortable with modern technology and use it gladly but those of generation Y are entirely immersed in it. Although computers in the home were growing in numbers as generation X got older, for generation Y they were already in the majority of homes. As of college age, those in generation owned their own computers 97% of the time.

Both generations X and Y use personal computer and cellphone technologies as part of their daily lives. Several of these two generations consider the familiar home telephone, even a VOIP phone, to be really a dinosaur. They typically use a cellphone for all of their calls and are much more comfortable with using text messages than the baby boomer generation.

Additionally, members of both generations X and Y are regular users of the various online social media sites. The may take part in special interest forums but most have a page on Face Book or My Space, if not both, and many of them communicate in the small soundbites on Twitter.

Another communality of both generations X and Y is an extremely dim job situation. Those in the generation X age group would previously have expected to be well ensconced in quite secure jobs by now, but rather many are facing the possibility of companies downsizing and layoffs. People in generation Y are at the beginning of their entry into the workforce, but at a time when there are already too many applicants for the jobs available. Economic experts predict that both generations X and Y may need to accept that they will have a lower standard of living than did their parents.

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