Generational Differences in Savings and Politics

Curated by CLAI

MILLENNIAL SAVE MORE: Millennials are more likely to have at least five months of living expenses saved. They tend to have lower expenses. They don’t have to put away as much because they are likely living at home with their parents or have roommates.

30 and 49 are more likely than any other age group to not have an emergency fund because those are the years they have a house, two or three kids and a dog. But they need the emergency savings more than anybody.”

Politics by Age

Politics by Age (NYTIMES)

POLITICS BY BIRTH YEAR: Events at age 18 are about three times as powerful as those at age 40, according to the model.

  • Silent Generation (1941): By the time Eisenhower left office in 1961, people born in the early 1940s had accumulated pro-Republican sentiment that would last their entire lifetimes.
  • Baby Boomers (1952): Childhoods and formative years under Kennedy, Johnson and Nixon left them relatively pro-Democratic.
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