The Financial Future For Generation X

7 Questions | Total Attempts: 653

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The Financial Future For Generation X

Generation X—those born between 1965 and 1980 who are in their 30s and 40s today—doesn't get the same attention in the media as do the younger millennials or the retiring baby boomers. But its place in the economic landscape can't be ignored; it provides insight into the experiences of American families during the late 20th and early 21st centuries. New research by Pew’s financial security and mobility project looks at the income (how much a person earns) and wealth (the value of all that a person has accumulated) of the members of Generation X, as compared with those of their parents at the same age, to get a clear picture of the financial realities facing Gen X and to understand what it means for Americans of all ages. Tes


Questions and Answers
  • 1. 
    True or false: Most Gen Xers have higher family income than their own parents did at the same age.
    • A. 

      True

    • B. 

      False

  • 2. 
    What percentage of Gen Xers have higher family wealth than their own parents did?
    • A. 

      8%

    • B. 

      36%

    • C. 

      75%

    • D. 

      93%

  • 3. 
    Gen Xers’ debt totals are approximately how many times higher than their parents' were at the same age?
    • A. 

      2

    • B. 

      4

    • C. 

      6

    • D. 

      None; they're lower

  • 4. 
    True or false: Gen Xers who exceed their parents’ family wealth are also more likely to exceed the wealth of their peers.
    • A. 

      True

    • B. 

      False

  • 5. 
    What proportion of Gen Xers born at the bottom of the income ladder remain there as adults?
    • A. 

      One-quarter

    • B. 

      One-third

    • C. 

      Half

    • D. 

      Three-quarters

  • 6. 
    True or false: Typical white Gen Xers have roughly $17,000 more in family income than do typical black Gen Xers.
    • A. 

      True

    • B. 

      False

  • 7. 
    Are Gen Xers with college degrees more or less likely to surpass their parents’ wealth than are their non-college-educated peers?
    • A. 

      More

    • B. 

      Less

    • C. 

      Gen Xers with college degrees and their parents have similar levels of wealth

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