Comments on: Financial Attitudes: Charles Schwab’s Categorizations of Generation X http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Atul http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136743 Atul Wed, 13 Feb 2008 22:44:48 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136743 I get tired of these characterizations of Gen X by prior generations who are responsible for the predicament we're in now. I would say that because the Baby Boomers were selfish, don't retire to let us move up, raise prices on rents and mortgages, and used marketing and tricky credit deals, that is why we are skeptical and mistrusting. Don't forget the state of the environment which I would blame mostly on them. I wrote a blogpost about it a while back. Just Google "generation x is not selfish". My post is the first search result. Atul I get tired of these characterizations of Gen X by prior generations who are responsible for the predicament we’re in now. I would say that because the Baby Boomers were selfish, don’t retire to let us move up, raise prices on rents and mortgages, and used marketing and tricky credit deals, that is why we are skeptical and mistrusting. Don’t forget the state of the environment which I would blame mostly on them.

I wrote a blogpost about it a while back. Just Google “generation x is not selfish”. My post is the first search result.

Atul

]]> By: thomas http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136673 thomas Wed, 13 Feb 2008 05:10:28 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136673 Those work for everyone. If anything, they just added to one they did for Baby Boomers. Credit was nonexistent for most of them. 5 years from now they'll add "move in with and mooch off parents" for Gen Y. Those work for everyone. If anything, they just added to one they did for Baby Boomers. Credit was nonexistent for most of them. 5 years from now they’ll add “move in with and mooch off parents” for Gen Y.

]]> By: CardTuna http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136667 CardTuna Wed, 13 Feb 2008 03:52:10 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136667 Flexo, As always, you have a great post. I personally know one of the web marketing guys at Charles Schwab up in San Fran. I am going to be visiting with him this weekend and I'll ask him to find out whether or not they have similar categories for Gen Y's. I would also imagine they're beginning to set their sites on the screen-ager generation who will eventually inherit a world economy that exists in 0's and 1's and that runs strictly on plastic and digital payments. Flexo,

As always, you have a great post. I personally know one of the web marketing guys at Charles Schwab up in San Fran. I am going to be visiting with him this weekend and I’ll ask him to find out whether or not they have similar categories for Gen Y’s. I would also imagine they’re beginning to set their sites on the screen-ager generation who will eventually inherit a world economy that exists in 0’s and 1’s and that runs strictly on plastic and digital payments.

]]> By: RacerX http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136661 RacerX Wed, 13 Feb 2008 03:21:24 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136661 I would also add to #1 - No confidence the Social Security will be there for them! I know...that's me! I would also add to #1 – No confidence the Social Security will be there for them!

I know…that’s me!

]]> By: PT http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136633 PT Tue, 12 Feb 2008 20:34:46 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136633 Flexo, What was the intent of the email? To get GenXers to use their products? Just curious as I didn't see that in your post. Thx. Flexo,

What was the intent of the email? To get GenXers to use their products? Just curious as I didn’t see that in your post. Thx.

]]> By: Aimee http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136626 Aimee Tue, 12 Feb 2008 17:58:01 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136626 I would think that those 6 apply to any age group. You can see that every generation has those same groups of people in them. It's interesting that they are trying to target Gen X specifically, but maybe that's because Gen Xers have the money now and are doing something about debt and other things like that. I would think that those 6 apply to any age group. You can see that every generation has those same groups of people in them.

It’s interesting that they are trying to target Gen X specifically, but maybe that’s because Gen Xers have the money now and are doing something about debt and other things like that.

]]> By: Adfecto http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136619 Adfecto Tue, 12 Feb 2008 16:54:11 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136619 I think they got me figured out pretty well: Money Mindset Three. I have loft goals, I'm optimistic that I will achieve them, and I think investing aggressively is the way to get there. I'm married, socially active, [reasonably] high earning, and engaged in my financial future. I can pretty easily categorize all of my friends into one of those six buckets. I think they got me figured out pretty well: Money Mindset Three. I have loft goals, I’m optimistic that I will achieve them, and I think investing aggressively is the way to get there. I’m married, socially active, [reasonably] high earning, and engaged in my financial future.

I can pretty easily categorize all of my friends into one of those six buckets.

]]> By: matty dread http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136618 matty dread Tue, 12 Feb 2008 16:52:42 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136618 I agree with KC... How many money mindsets are there? Don't those six pretty much cover everyone of everyone generation? If not I'd like to know what ones are left out. Interesting that two of the mindsets reference females and not positively....i find that interesting in that I am a gen x er and find most of the females in my group more grounded than the men...but that is my personal experience.... I agree with KC…

How many money mindsets are there? Don’t those six pretty much cover everyone of everyone generation?

If not I’d like to know what ones are left out.

Interesting that two of the mindsets reference females and not positively….i find that interesting in that I am a gen x er and find most of the females in my group more grounded than the men…but that is my personal experience….

]]> By: Mrs. Micah http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136615 Mrs. Micah Tue, 12 Feb 2008 15:58:47 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136615 Give us a few years. I wouldn't be surprised to see similar percentages for Gen Y. Or am I Gen Y? Give us a few years. I wouldn’t be surprised to see similar percentages for Gen Y. Or am I Gen Y?

]]> By: KC http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136612 KC Tue, 12 Feb 2008 15:26:43 +0000 http://www.consumerismcommentary.com/2008/02/12/financial-attitudes-charles-schwabs-categorizations-of-generation-x/#comment-136612 I think these above categories represent just about every American Generation available. I know Boomers, Y's, and Millenials in each of those categories, too. I'm an X'er and I think the total generalization of American Generations into group is crap - people are who they are based on personalities. Sure we are all shaped by events that take place in our lifetime, but I strongly believe that there has only been one significant eceonomic event in modern American History and that was The Great Depression. Other than that generation (which is disappearing rapidly), the rest of us have very similar, steady economic experiences. I think these above categories represent just about every American Generation available. I know Boomers, Y’s, and Millenials in each of those categories, too. I’m an X’er and I think the total generalization of American Generations into group is crap – people are who they are based on personalities. Sure we are all shaped by events that take place in our lifetime, but I strongly believe that there has only been one significant eceonomic event in modern American History and that was The Great Depression. Other than that generation (which is disappearing rapidly), the rest of us have very similar, steady economic experiences.

]]>