Widely Held Attitudes to Different Generations

Generation Y Seen as Most Self-indulgent, Generation X as Most Innovative, and Boomers as Most Productive. "Silent Generation" and "Greatest Generation" are the Most Admired.

ROCHESTER, N.Y. – August 20, 2008 – A recent survey by Harris Interactive conducted for Charles Schwab and Age Wave asked almost 4,000 Americans aged 21 to 83 what they thought of different generations. Specifically, they were asked about people aged 13 to 31 or Generation Y; those aged 32 to 43 or Generation X, Baby Boomers, aged 44 to 62; the "Silent Generation," aged 63 to 83; and the "Greatest Generation," aged 84 or older. The results show how very differently people view the different generations, with many people holding strong positive and negative opinions about them.

These are some of the results of a Harris Interactive survey, Rethinking Retirement, based on a nationwide sample of 3,868 adults aged 21 to 83 surveyed online in March and April 2008. Much of the survey was focused on retirement issues and retirement planning.

Some of the most interesting findings are:

  • Baby Boomers (35%) are most widely viewed as having a positive effect on society, followed by Generation X (25%);
  • The Silent Generation (33%) and the Greatest Generation (30%) are the most widely admired generations, followed by Baby Boomers (22%);
  • The Silent Generation (40%) and Baby Boomers (33%) are widely viewed as the most generous;
  • The two generations widely seen as the most productive are Baby Boomers (45%) and Generation X (32%);
  • A 53 percent majority (including a majority of Gen Y itself) believe Generation Y is the most self-indulgent, followed by Generation X (25%);
  • A 41 percent plurality sees Generation X as the most innovative, followed by Baby Boomers (25%) and Generation Y (22%);
  • There is no consensus as to which generation is most socially conscious, but Baby Boomers (34%) and Generation X (26%) top the list;
  • Gen Y would like to rename themselves the "Internet Generation" (32%). They really dislike being called "Generation Y" or "Millennials";
  • Gen X would choose to rename themselves "Generation Tech" (25%). They dislike being called "Generation X";
  • Baby Boomers are the only generation which seems to really like the name given to them (27%)
  • The Silent Generation would re-name themselves the "Responsible Generation" (44%). They strongly dislike being called "Silent" or "Invisible."

So What Does This Mean? Myth versus Reality

These findings show that two widely-held views are false. One is that America is riddled with ageism and that younger people have no respect for older people. While there is surely some prejudice against older people which sometimes leads to age discrimination, the two oldest generations – the Silent and the Greatest Generations – are much more admired than any other generation. There are several reasons why there is so little hostility to older people or concern about what some people have termed "intergenerational equity".

One is that they are our parents and grandparents. Another is that we all hope to get old one day. Furthermore, research has shown that older people are much more likely to give money to their children and grandchildren than vice-versa. While older people are the beneficiaries of Social Security and Medicare, and the taxes that are needed to pay for them, most people do not see them as a burden to younger generations.

Another common belief, shown to be false in this survey, is that Baby Boomers are widely seen as particularly self-indulgent or even greedy. In reality, Boomers get higher marks than other generations for being socially conscious, productive and having a positive effect on society.

TABLE 1

WHICH GENERATION IS HAS MOST POSITIVE EFFECT ON SOCIETY?

"Which of the following generations do you think has had, or will have, the most positive effect, overall, on society?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

13

25

11

9

11

32-43 year olds
(Generation X)

25

34

34

11

16

44-62 year olds
(Baby Boomers)

35

24

30

53

33

63-83 years olds
(Silent Generation)

16

7

14

15

29

84 years old and older
(Greatest Generation)

11

10

11

12

12

Note: on this and all the tables, totals may not add to 100% because of rounding

TABLE 2

WHICH GENERATION DO YOU ADMIRE THE MOST?

"Which of the following generations do you admire the most?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

4

9

3

2

2

32-43 year olds
(Generation X)

11

17

18

3

4

44-62 year olds
(Baby Boomers)

22

28

21

25

13

63-83 years olds
(Silent Generation)

33

25

30

33

43

84 years old and older
(Greatest Generation)

30

22

28

37

38

TABLE 3

WHICH GENERATION IS MOST GENEROUS?

"Which of the following generations would you say is the most generous?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

4

8

3

2

1

32-43 year olds
(Generation X)

10

15

19

4

2

44-62 year olds
(Baby Boomers)

33

32

32

39

24

63-83 years olds
(Silent Generation)

40

31

34

41

57

84 years old and older
(Greatest Generation)

13

13

11

14

15

TABLE 4

WHICH GENERATION IS MOST GREEDY?

"Which of the following generations would you say is the most greedy?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

55

62

60

54

47

32-43 year olds
(Generation X)

22

16

17

26

30

44-62 year olds
(Baby Boomers)

16

18

19

13

17

63-83 years olds
(Silent Generation)

4

4

4

5

4

84 years old and older
(Greatest Generation)

2

2

1

2

3

TABLE 5

WHICH GENERATION IS MOST SHORT-SIGHTED?

"Which of the following generations would you say is the most short-sighted?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

64

63

63

65

63

32-43 year olds
(Generation X)

16

11

17

18

21

44-62 year olds
(Baby Boomers)

10

12

10

9

11

63-83 years olds
(Silent Generation)

6

6

6

5

3

84 years old and older
(Greatest Generation)

4

8

4

3

2

TABLE 6

WHICH GENERATION IS MOST PRODUCTIVE?

"Which of the following generations would you say is the most productive?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

6

15

3

2

3

32-43 year olds
(Generation X)

32

43

48

17

22

44-62 year olds
(Baby Boomers)

45

29

38

63

46

63-83 years olds
(Silent Generation)

13

10

7

13

25

84 years old and older
(Greatest Generation)

4

3

3

5

4

TABLE 7

WHICH GENERATION IS MOST SELF-INDULGENT?

"Which of the following generations would you say is the most self-indulgent?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

53

58

52

53

49

32-43 year olds
(Generation X)

25

22

24

25

29

44-62 year olds
(Baby Boomers)

18

18

20

17

19

63-83 years olds
(Silent Generation)

3

2

3

4

2

84 years old and older
(Greatest Generation)

1

1

1

1

1

TABLE 8

WHICH GENERATION IS MOST INNOVATIVE?

"Which of the following generations would you say is the most innovative?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

22

35

20

17

16

32-43 year olds
(Generation X)

41

43

50

34

32

44-62 year olds
(Baby Boomers)

25

15

22

38

31

63-83 years olds
(Silent Generation)

9

4

5

8

18

84 years old and older
(Greatest Generation)

3

3

3

3

3

TABLE 9

WHICH GENERATION IS MOST SOCIALLY CONSCIOUS?

"Which of the following generations would you say is the most socially conscious?"

Base: All Adults

Adults Aged:

Total

Gen Y

Gen X

Baby Boomers

Silent Generation

%

%

%

%

%

13-31 year olds
(Generation Y)

19

31

19

15

13

32-43 year olds
(Generation X)

26

33

36

15

18

44-62 year olds
(Baby Boomers)

34

23

28

48

30

63-83 years olds
(Silent Generation)

18

11

13

18

33

84 years old and older
(Greatest Generation)

4

2

4

4

6

TABLE 10

WHAT WOULD YOU NAME OR RENAME YOUR OWN GENERATION?

"If you could name or rename your own generation (those who are currently 13-31 years old) from the following list, what would you name it?"

Base: Gen Y

 

Total

%

Internet Generation

32

Generation Tech

27

Networked Generation

11

Green Generation

10

Millennials

10

Generation Y

10

TABLE 11

WHAT WOULD YOU NAME OR RENAME YOUR OWN GENERATION?

"If you could name or rename your own generation (those who are currently 32-43 years old) from the following list, what would you name it?"

Base: Gen X

 

Total

%

Generation Tech

25

Dot Com Generation

22

Forgotten Generation

15

Generation X

14

Generation Next

13

Latchkey Generation

12

TABLE 12

WHAT WOULD YOU NAME OR RENAME YOUR GENERATION?

"If you could name or rename your own generation (those who are currently 44-62 years old) from the following list, what would you name it?"

Base: Baby Boomers

 

Total

%

Baby Boomers

27

Self-Empowered Generation

24

Generation Innovation

17

Woodstock Generation

13

Generation Liberation

10

Me Generation

9

TABLE 13

WHAT WOULD YOU NAME OR RENAME YOUR GENERATION?

"If you could name or rename your own generation (those who are currently 62-83 years old) from the following list, what would you name it?"

Base: Silent Generation

 

Total

%

Responsible Generation

44

Transition Generation

19

Rock and Roll Generation

17

Pioneering Generation

9

Invisible Generation

5

Silent Generation

5

Methodology

This study was conducted online within the United States by Harris Interactive on behalf of Charles Schwab and Age Wave between March 28 and April 22, 2008 among 3,868 adults (aged 21 to 83). Figures for age, sex, race, education, income, investable assets and region were weighted where necessary to align them with their actual proportions in the population. Propensity score weighting was also used to adjust for respondents’ propensity to be online.

All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words "margin of error" as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.

Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the adult population. Because the sample is based on those who agreed to participate in the Harris Interactive panel, no estimates of theoretical sampling error can be calculated.

These statements conform to the principles of disclosure of the National Council on Public Polls.

J33506

Q620, 625, 630

About Harris Interactive

Harris Interactive is a global leader in custom market research. With a long and rich history in multimodal research, powered by our science and technology, we assist clients in achieving business results. Harris Interactive serves clients globally through our North American, European and Asian offices and a network of independent market research firms. For more information, please visit www.harrisinteractive.com.

Press Contact:
Tracey McNerney
Harris Interactive
585-214-7756

press@harrisinteractive.net

Harris Interactive Inc. 8/08

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