Generation X is 1964-1975; it comes from a book by a guy named Copeland and also marked then end of the downward trend in birth rates. The time period is also marked by what sociologists have called "The War on Children" when pedophiles, abortion, and fatherlessness exploded into our culture.
Halfway to pension age, she has just $5,000 in a 401(k) and $20,000 in home equity. Ideally, someone her age should have at least $100,000 stashed away.
That ruined my day...guess I am a little behind the ideal!
I think you have the right time scale. And the boomers began after WWII when the birthrate exploded upon the return of our servicemen from overseas and the enormous post-war prosperity ensued.
There are some other books that refute Copeland's claim. The term generation is technically supposed to refer to one's offspring, but I guess any old social science hack can make up their own definition.
Regardless, I am no where near 100k stashed away. I am more than just a little behind. I guess by 40 I'm supposed to have a summer house in the Hamptons as well?
Age 32 ... Halfway to pension age, she has just $5,000 in a 401(k) and $20,000 in home equity. Ideally, someone her age should have at least $100,000 stashed away. I, too, found this hilarious....I think that I have about $23.00 stashed away (ha)....although I will have my $641 a month student loan payment paid off in six short years.