Which of the following statements is true of members of Generation X?
a. They were hit hard by the Great Recession.
b. They spend the least on food and family-oriented products.
c. They are aged between eighteen to twenty-five years.
d. They spend the least on housing than any other cohort.
ANSWER: a
Gen Xers, like the Millennials, have also been hit hard by the Great Recession. Many Gen Xers faced stagnant careers, growing debt, and a fifty-nine percent decline in net worth from 2005 to 2010â€"the largest drop of all age groups.
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Indicate whether the statement is true or false