The Psychology Podcast
The Real Differences Between the Generations || Jean Twenge
Jun 29, 2023
48:13
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Quick takeaways
- Boomers are not universally economically successful, and millennials are not necessarily struggling—median incomes among 26 to 39-year-olds are at an all-time high, debunking the narrative of income inequality between generations.
- Generational conflicts and miscommunication are predominantly influenced by the impact of technology on major life experiences, highlighting the significance of understanding these differences in the context of technological changes and advancements.
Deep dives
Misconceptions about Generational Differences
Contrary to popular belief, the income inequality narrative that boomers are all economically successful and purposefully blocking the success of millennials is not entirely accurate. Many boomers, especially those without a college education, have faced economic challenges and are not as financially successful as perceived. On the other hand, millennials are often portrayed as struggling and economically disadvantaged, but median incomes among 26 to 39-year-olds are at an all-time high, and home ownership rates are virtually identical across generations. While challenges exist, such as rising daycare costs, the notion that millennials are not economically successful is incorrect.
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