The difference between 80s kids, 90s kids, and 00s kids.

What separates Generation Y from X? And hey Gen Z, welcome to the party! What’s the cutoff? How old is each generation? Are they really that different?

It’s easy to see why there is so much confusion about generational cohorts.

If you’ve ever felt muddled by this "alphabet soup" of names — you’re not alone. The real frustration hits when you realize that Millennial consumers represent the highest-spending generation in 2020 — with a projected $1.4 trillion tab.

And though their current wealth has been dragged down by not one but two “once-in-a-lifetime” economic crises during their most impactful career years, Millennials stand to inherit over $68 trillion from Baby Boomer parents by the year 2030, setting them up to potentially be the most wealthy generation in U.S. history.

Generation Z isn’t far behind, projected to hit $33 trillion in income by 2030 — that’s more than a quarter of all global income — and pass Millennials in spending power the year after. 3

No matter how you slice the data, the younger generations have never been more critical to your financial institution’s future.

Unless you understand who they are and what they want, you won’t capture a dollar of their money.



Millennials, also known as Generation Y (or simply Gen Y), are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with 1981 to 1996 being a widely accepted defining range for the generation.[1] Most millennials are the children of baby boomers and early Gen Xers;[2] millennials are often the parents of Generation Alpha

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