Which of the following best explains why Gen Xers as a group may be more economically cautious than baby boomers?
A) Gen Xers grew up during times of corporate downsizing and recession.
B) Gen Xers watched much of their savings evaporate during the recession of the late 1980s.
C) Gen Xers are not as materialistic as members of other generations.
D) Gen Xers tend to seek more guidance from the financial services industry.
E) Gen Xers are more focused on saving for retirement than baby boomers are.
Answer: A