Attitudes about Financial Wealth: Generational Comparisons of Gen-Xers vs. Millennials
Daniel L. Bauer, David T. Collins, Keith Richardson
Abstract
The purpose of this paper is to assess the relative attitudes toward financial wealth between Generation X and
Millennials. This is a follow up to a study that assessed attitudes toward financial wealth by members of
Generation X (those born between 1961 and 1981). This study compares those attitudes with ones held by
members of the Millennial Generation (those born between1982 – 2004). First, Generation X and Millennials are
compared to determine similarities and differences that might impact their attitudes toward financial wealth.
Second, the study methodology and the results are presented. Finally, the results are interpreted to determine if
there has been a shift in attitudes between the two generations.
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