Which of the following statements is true about Gen Xers?
A)They are a primary target for marketers promoting family-oriented products.
B)They control the majority or of America's net worth.
C)They spend more on luxury products and services than any other cohort.
D)They are the group least affected by the Great Recession.

Question

Quizplus · Accepted Answer

Gen Xers are typically aged between 38 and 53 years old. They are in their prime earning and spending years and tend to have families, making them key targets for marketers promoting family-oriented products such as vacations, cars, and household goods.

B) is incorrect as Baby Boomers currently control the majority of America's net worth.
C) is also incorrect as Gen Xers are known for being frugal and value-conscious, preferring to spend their money on experiences rather than luxury products.
D) is incorrect as Gen Xers were heavily affected by the Great Recession, with many experiencing job losses and financial hardship.

Which of the Following Statements Is True About Gen Xers