Besides age, the differences between Generation X and Baby Boomers investors extend to many areas of national concern, from social to political to financial.
Spectrem’s 2013 Ezine Baby Boomers vs. Gen X shows that in most cases, Baby Boomers’ level of concern is greater than that of Gen-Xers. Baby Boomers are investors between the ages of 48 and 66, and Gen-Xers are investors ages 33 to 47.
Baby Boomers’ greatest concern is government gridlock. Eighty-six percent of Baby Boomers list that as one of their national concerns, but only 70 percent of Generation X investors list that as a concern.
Similar percentages exist in almost all categories of national concern. Eighty-five percent of Baby Boomer investors report a concern about the prolonged economic downturn, while only 76 percent of Generation X investors do so, although that is Generation X’s greatest concern. Eighty-three percent of Baby Boomers are concerned about the political environment, and only 67 percent of Generation X has the same concern.
Other areas in which 80 percent of Baby Boomers report concern include the federal deficit and the national debt. By comparison, only 64 percent of Generation X investors are concerned about the federal deficit and only 67 percent report concern about the national debt.
There are areas of national interest in which Baby Boomers and Generation X have nearly identical levels of concern. For instance, half of both age segments report concern over an increase in interest rates as the economy improves, and for Baby Boomers, that is their lowest level of concern. Also, 72 percent of each segment has concern over stock market performance.
Less than half of Generation X investors report concern over terrorism (48 percent, to 62 percent of Baby Boomers) and the amount of goods produced outside the United States (47 percent, to 60 percent of Baby Boomers). Only 55 percent of Generation X investors report concern over European stability (to 70 percent of Baby Boomers).
For more information on Baby Boomers vs. Gen X, click here.