Friday, April 13, 2012

OF GENERATION X, Y, Z

Are you generation X, Y... or Z? Hey you know tell you what. I'll kindly rephrase that. What... thumbnail 1 summary
Are you generation X, Y... or Z?

Hey you know tell you what. I'll kindly rephrase that. What's after Generation Z called?


Has it ever occurred to you why it ends with Z? Try ask whoever coined up the terms? Maybe they have a plausible explaination and know much more than you ever cared, before this... They're very fishy people aren't they.

Well maybe I'm missing something... Maybe I'm not.

You know they have intricate post code numbers in the UK where unlike here in Malaysia, each post code in the UK point to a unique specific address. You'd just have to key in the post code on your average GPS navigator and it'll bring you right to the doorstep whether it's landed property or otherwise, every post code points to a unique address. Just like a vehicle number plate. Each number plates points to a unique vehicle.

What's my point? Well why generation Z? Couldn't they just come up with an alternative numbering/coding system? I mean common, what goes beyond Generation Z? OOOPS.... I'm sorry.. Is it supposed to end there? Go figure?

Generation Z. Born: 1995-2012. Coming of Age: 2013-2020.

2020? 2020? Now that has always been a suspicious number.. Go figure what's in store!

_______________________

Generation X
Born: 1966-1976
Coming of Age: 1988-1994
Age in 2004: 28 to 38
Current Population: 41 million
 
Sometimes referred to as the “lost” generation, this was the first generation of “latchkey” kids, exposed to lots of daycare and divorce. Known as the generation with the lowest voting participation rate of any generation, Gen Xers were quoted by Newsweek as “the generation that dropped out without ever turning on the news or tuning in to the social issues around them.”

Gen X is often characterized by high levels of skepticism, “what’s in it for me” attitudes and a reputation for some of the worst music to ever gain popularity. Now, moving into adulthood William Morrow (Generations) cited the childhood divorce of many Gen Xers as “one of the most decisive experiences influencing how Gen Xers will shape their own families”.

Gen Xers are arguably the best educated generation with 29% obtaining a bachelor’s degree or higher (6% higher than the previous cohort). And, with that education and a growing maturity they are starting to form families with a higher level of caution and pragmatism than their parents demonstrated. Concerns run high over avoiding broken homes, kids growing up without a parent around and financial planning.

Generation Y, Echo Boomers or Millenniums
Born: 1977-1994
Coming of Age: 1998-2006
Age in 2004: 10 to 22
Current Population: 71 million
 
The largest cohort since the Baby Boomers, their high numbers reflect their births as that of their parent generation..the last of the Boomer Is and most of the Boomer II s. Gen Y kids are known as incredibly sophisticated, technology wise, immune to most traditional marketing and sales pitches...as they not only grew up with it all, they’ve seen it all and been exposed to it all since early childhood.

Gen Y members are much more racially and ethnically diverse and they are much more segmented as an audience aided by the rapid expansion in Cable TV channels, satellite radio, the Internet, e-zines, etc.

Gen Y are less brand loyal and the speed of the Internet has led the cohort to be similarly flexible and changing in its fashion, style consciousness and where and how it is communicated with.

Gen Y kids often raised in dual income or single parent families have been more involved in family purchases...everything from groceries to new cars. One in nine Gen Yers has a credit card co-signed by a parent.

Generation Z
Born: 1995-2012
Coming of Age: 2013-2020
Age in 2004: 0-9
Current Population: 23 million and growing rapidly
 
While we don’t know much about Gen Z yet...we know a lot about the environment they are growing up in. This highly diverse environment will make the grade schools of the next generation the most diverse ever. Higher levels of technology will make significant inroads in academics allowing for customized instruction, data mining of student histories to enable pinpoint diagnostics and remediation or accelerated achievement opportunities.

Gen Z kids will grow up with a highly sophisticated media and computer environment and will be more Internet savvy and expert than their Gen Y forerunners. More to come on Gen Z...stay tuned.

Next time we will start to take a more in-depth look at the most significant and impactful of the generational cohorts and what implications there might be for libraries and librarians.

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