When compared to baby boomers, members of Generation X:
A)are less demanding as consumers.
B)are more extravagant.
C)account for a higher percentage of purchases of consumer products.
D)save, plan for retirement and take advantage of retirement plans much earlier.

Question

Quizplus · Accepted Answer

Members of Generation X are known for being more financially responsible and planning for their future at an earlier age. They prioritize saving and investing in retirement plans like 401(k)s and IRAs, while also managing their debts more effectively. This sets them apart from the baby boomer generation, who tended to prioritize immediate consumption and may have been less inclined to plan for their financial future.

When Compared to Baby Boomers, Members of Generation X