-4.6%
Gen X are the most indebted Americans followed by the Baby Boomers. The breakdown of debt by age group suggests the typical American’s debts grow with adulthood to a certain age, at which point it begins to taper off.
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Digging Deeper
The types of debt vary in significance for each generation. For instance, the leading source of debt for Gen Z and Millennials are student loans (20%) and credit card bills (25%), respectively. Mortgages on the other hand, are the leading source of debt for Gen X (30%) and Baby Boomers (28%).
by Tyler Durden
In the modern digital world, social media
reach is
power.
The people with the most followers on Twitter, for example, have a massive platform to spread their messages, while those with large, engaged followings on Instagram are an advertiser’s dream sponsor partner.
Social media can also be an equalizer of power. As Visual Capitalist s Omri Wallach notes, while it’s true that many celebrities boast large followings across platforms,
social media has also enabled previously unknown personalities to turn YouTube or TikTok fame into veritable star power and influence.
Who has the biggest reach across the entire social media universe? Instead of looking at who has the most followers on Instagram, Twitter, or other networks, we ranked the most-followed personalities across all major platforms combined.
Overall Power, By Generation
38.6%.
While Boomers hold the largest share of power, it’s interesting to note that they only make up 21.8% of the total U.S. population.
Gen X comes in second place, capturing 30.4% of power, while Gen Z ranks last, snagging a mere 3.7%. Gen Alpha has yet to score on the ranking, but keep in mind that the oldest members of this generation will only be eight years old this year they haven’t even reached double digits yet.
Generational Power: Economics
Considering that Baby Boomers hold nearly 53% of all U.S. household wealth, it makes sense that they dominate when it comes to our measurement of Economic Power.
New report reveals which generations hold the most power in society
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Overall Power, by Generation
The Generational Power Index is the first of its kind, offering insight on where age groups rank in different areas of society, and how that pecking order is changing. VANCOUVER, British Columbia (PRWEB) May 06, 2021 Visual Capitalist has today launched the Generational Power Report, revealing the results of the inaugural edition of the Generational Power Index (GPI) which ranks generations on how much power and influence they have over American society.
The index is measured across three key pillars Economic, Political, and Cultural Power which are combined to create our flagship metric: Overall Power.