Dr. Eliza Philby

You know, the affordability of various things in our lives will change.

That's what I think is really important, what you were saying about earlier, is the script is so unclear for the 21st century.

The education, the jobs, the path, the family unit, the various sort of expectations we had feel so...

sort of not abandoned, but just like irrelevant.

So millennials, it's worth saying, Gen Z are those born from, and these are arbitrary date ranges, but really 1996 to about 2010.

Okay.

That's Gen Z. After that is Gen Alpha.

Okay.

And before that is millennials, 1981 to 1996.

Right.

Before that is Gen X. No one really talks about them because actually there's not as many of them.

But that's those born from 1966 to 1980.

And what's interesting about them, so they are generally speaking the parents of Gen Z.

Boomers, 1945 to 1965, the parents, depending on when the mother gave birth, the parents of millennials.

Now what's interesting is boomers have a lot more money than Gen X. Gen X were the generation that really suffered the most during the financial crisis.

We talk about millennials suffering.

Actually, they were too young.

It was the assets that were vulnerable were those owned by Gen Xers.

But in America, you now have Gen Xers trying to push their kids through college, support them with everyday cost of living bills, potentially help them with a down payment on a house.

They are putting twice as much money into their kids than they are their retirements.