Visual Capitalist
Ranking U.S. Generations on Their Power and Influence Over Society
The Generational Power Index
Introducing our new index, which ranks U.S. generations on their economic, political, and cultural influence.
>> Download the Report (.pdf) 
Which U.S. Generation has the Most Power and Influence?
We’re on the cusp of one of the most impactful generational shifts in history.
As it stands, the Baby Boomers (born 1946-1964) are America’s most wealthy and influential generation. But even the youngest Boomers are close to retirement, with millions leaving the workforce every year. As Baby Boomers pass the torch, which generation will take their place as America’s most powerful?
In our inaugural Generational Power Index (GPI) for 2021, we’ve attempted to quantify how much power and influence each generation holds in American society, and what that means for the near future.
Download the Generational Power Report (.pdf) 
Generation and Power, Defined
Before diving into the results of the first GPI, it’s important to explain how we’ve chosen to define both generations and power.
Here’s the breakdown of how we categorized each generation, along with their age ranges and birth years.
GenerationAge range (years)Birth year range
The Silent Generation 76 and over 1928-1945
Baby Boomers 57-75 1946-1964
Gen X 41-56 1965-1980
Millennials 25-40 1981-1996
Gen Z 9-24 1997-2012
Gen Alpha 8 and below 2013-present
The above age brackets for each generation aren’t universally accepted. However, since our report largely focuses on U.S. data, we went with the most widely cited definitions, used by establishments such as Pew Research Center and the U.S. Federal Reserve.
To measure power, we considered a variety of factors that fell under three main categories:
Economic Power
Political Power
Cultural Power
We’ll dive deeper into each category, and which generations dominated each one, below.
Overall Power, By Generation
Baby Boomers lead the pack when it comes to overall generational power, capturing 38.6%.
GenerationOverall Power Share
The Silent Generation 12.8%
Baby Boomers 38.6%
Gen X 30.4%
Millennials 14.5%
Gen Z 3.7%
Gen Alpha 0.0%
Total100.0%
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. 
At 43.4%, the GPI shows that Boomers hold more economic influence than Gen X, Millennials, and Gen Z combined. They make up a majority of business leaders in the U.S., and .
"hold 42% of billionaire wealth in America"
Timing plays a role in the economic prosperity of Baby Boomers. They grew up in a post-WWII era, and spent their primary working years in a relatively stable, prosperous economy.
In contrast, Millennials entered the workforce during the Great Recession and have seen only tenuous economic and wage growth, impacting their ability to accumulate wealth. Combine this with crippling amounts of student debt, and it’s no surprise that Millennials have nearly 50% less wealth than other generations (Boomers, Gen X) at a comparable age.
Generational Power: Political
In addition to holding the most Economic Power in the GPI, Baby Boomers also rank number one when it comes to Political Power. 
Boomers capture 47.4% of political influence. This generation accounts for 32% of all U.S. voters, and holds the majority of federal and state positions. For instance, 68% of U.S. senators are Baby Boomers.
Political spending on election campaigns and lobbying predominantly comes from Boomers, too. When it comes to money spent on lobbying, we found that 60% of the top 20 spenders were from organizations led by Baby Boomers.
In contrast, Millennials and Gen Zers barely make a splash in the political realm. That said, in the coming years, it’s estimated that the combined voting power of Millennials and Gen Z will see immense growth, rising from 32% of voters in 2020 up to 55% by 2036.
Cultural Power
There is one category where other generations gave Boomers a run for their money, which is in Cultural Power. 
In this category, it’s actually Gen X that leads the pack, capturing 36.0% of Cultural Power. Gen X is especially dominant in press and news media—over half of America’s largest news corporations have a Gen Xer as their CEO, and a majority of the most influential news personalities are also members of Gen X.
Despite a strong showing in our culture category, Gen X falls short in one key variable we looked at—the digital realm. On digital platforms, Millennials dominate when it comes to both users and content creators, and Gen Z has growing influence here as well.
The Future of Generational Power
Generational power is not stagnant, and it ebbs and flows over time.
As this process naturally plays out, our new Generational Power Index and the coinciding annual report will aim to help quantify future shifts in power each year, while also highlighting the key stories that exemplify these new developments.
For a full methodology of how we built the Generational Power Index, see pages 28-30 in the report PDF. This is the first year of the report, and any feedback is welcomed.
Putting the Gen Z Unemployment Rate in Perspective
There are more than 2 billion people in the Generation Z age range globally. These individuals, born between 1997 and 2009, represent about 30% of the total global population—and it’s predicted that by 2025, Gen Z will make up about 27% of the workforce.
Due to the global pandemic, unemployment has been on the rise across the board—but Gen Z has been hit the hardest. This chart, using data from the OECD, displays the difference between the unemployment rate for Gen Zers and the rate for older generations.
Note: The OECD defines the ‘unemployed’ as people of legal working age who don’t have work, are available to work, and have taken steps to find a job. The final figure is the number of unemployed people as a share of the total labor force.
The Generation Gap: Gen Z Unemployment
Compared to their older working-age counterparts, Baby Boomers, Gen X, and Millennials (Gen Y)—the most recent 2020 data shows that Gen Z has an unemployment rate of nearly 2x more in almost every OECD country.
Search:
CountryUnemployment Rate (Gen Z)Unemployment Rate (Millennial, Gen X, Boomer)
Note: For the purposes of this article, we are only considering the Gen Zers of legal working age—those born 1997-2006. The rest—Baby Boomers, Gen X, and Millennials—are those born between 1946–1996.
The timing for the youngest working generation could not be worse. Gen Z is just beginning to graduate college and high school, and are beginning to search for work and careers.
Gen Z is also an age group that is overrepresented in service industries like restaurants and travel–industries that were equally hard hit by the pandemic. In the U.S., for example, around 25% of young people work in the hospitality and leisure sectors. Between February and May 2020 alone, employment in these sectors decreased by 41%.
Countries like Spain are facing some of the biggest headwinds among OECD countries. The country already has a high unemployment rate for those aged 25-74, at 14%. But the unemployment rate for Gen Z is more than double that, at over 38%.
Implications For the Future
While it may be true throughout history that this age group is often less employed than older cohorts, the share of labor held by those aged 15-24 dropped significantly in 2020. 
Note: This chart represents the data from G7 countries.
In terms of their future employment prospects, some economists are anticipating what they call ‘scarring’. Due to longer periods of unemployment, Gen Z will miss out on formative years gaining experience and training. This may impact them later in life, as their ability to climb the career ladder will be affected.
Starting out slower can also hit earnings. One study found that long periods of youth unemployment can reduce lifetime income by 2%. Finally, it is also postulated that with the current economic situation, Gen Zers may accept lower paying jobs setting them on a track of comparatively lower earnings over their lifetime.
Overall, there are many future implications associated with the current unemployment rate for Gen Zers. Often getting your foot in the door after college or high school is one of the hardest steps in starting a career. Once you’re in, you gain knowledge, skills, and the oh-so-coveted experience needed to get ahead.
The Kids are Alright?
One positive for Gen Z is that they have been found to be more risk averse and financially conscious than other generations, and were so even prior to COVID-19. Many of them were children during the 2008 Recession and became very cautious as a result.
They are also the first digital generation— the first to grow up without any memory of a time before the internet. Additionally, they have been called the first global generation. This could mean that they pioneer location-independent careers, create innovative revenue streams, and find new ways to define work.
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Misc
Who Americans Spend Their Time With, by Age
Ever wondered who Americans spend the most time with? This chart assesses how many minutes per day Americans spend with different people.
Published 2 months ago
on March 22, 2021
By Avery Koop
Who Americans Spend Their Time With, by Age
If the global pandemic has taught us anything, it is that humans truly are social creatures. Most of us need community and connection to thrive.
But when people are not socially distancing and limiting their contacts, who do they choose to spend time with?
This interactive chart from Our World in Data reveals who Americans spend the most daily minutes with at different ages of their life, based on data collected between 2009 and 2019 through the Time Use Survey conducted by the U.S. Bureau of Labor Statistics (BLS).
Adolescence to Adulthood
In the average American’s teenage years, they spend most of their time alone and with their family. This makes sense, as the majority of people under 18 still live in a home with their nuclear family unit, meaning parents and siblings.
Jumping forward to a person’s early adulthood, 25-year-olds spend an average of 275 minutes per day alone, and 199 minutes with coworkers. This aligns with people in their twenties beginning to enter the workforce.
By age 35, people are still spending the most time with themselves, at 263 minutes per day. However, time spent combined with children and partners, the runner-ups, adds up to 450 minutes or around 7.5 hours a day.
AgeMost Time Spent SecondThird
15 Family - 267 Minutes Alone - 193 Minutes Friends - 109 Minutes
25 Alone - 275 Minutes Coworkers - 199 Minutes Partner - 121 Minutes
35 Alone - 263 Minutes Children - 249 Minutes Partner - 198 Minutes
Although people are spending more time with kids and partners as they grow older, this trend may shift, as women are having fewer children. More women today are obtaining an education and are entering the workforce, causing them to delay or entirely put off having children.
Interestingly, the mid-thirties also tends to be the stage of life where time spent with friends levels off and remains steadily low throughout the rest of one’s life, usually sitting around an average of 30-40 minutes per day.
Middle to Old Age
Upon turning 45, the average person spends 309 minutes a day alone, and in second place, 199 minutes with children. Time with coworkers remains relatively steady throughout someone’s forties, which coincides with the middle of career for most workers.
At age 55, time spent alone is still the winner, but time spent with a partner goes up to 184 minutes, and time with coworkers also moves up, pushing out time spent with children.
Age Most Time SpentSecondThird
45 Alone - 309 Minutes Children - 199 Minutes Partner - 184 Minutes
55 Alone - 384 Minutes Partner - 184 Minutes Coworkers - 163 Minutes
65 Alone - 444 Minutes Partner - 243 Minutes Family - 65 Minutes
75 Alone - 463 Minutes Partner - 253 Minutes Family - 56 Minutes
Typically, time spent with children during the mid-fifties tends to see a sharp decline as children enter adulthood and begin to move out.
However, it will be interesting to see what impact COVID-19 has on future data. With implications such as job loss or reduced income, more children are staying at home longer or even moving back home. 52% of adult children in the U.S. today are living with their parents.
As people get closer to old age, around 65-years-old, they spend increasingly less time with coworkers as they begin to retire, and much more time alone or with a spouse. Then, from age 65-75, people consistently spend the most time alone, then with a partner and family.
Alone and Lonely?
One of the most significant trends on the chart is increased time spent alone. 
By the time someone reaches 80, their daily minutes alone goes up to 477. This can be a problematic reality. As the population continues to age in many countries around the world, more elderly people are left without resources or social connection.
Additionally, while 1-in-4 elderly Americans live alone, the trend of solo living is going up across nearly every age group, and this trend applies globally. 
But being alone does not necessarily equate to loneliness, as Our World in Data found that there was no direct correlation between living alone and reported feelings of loneliness.
It is not necessarily the amount of time spent with others, but the quality and expectations, that reduce loneliness.
Spending Time Together
Where and how we spend our time has a direct relationship to who we spend time with. More hours at home and off work can mean either more time spent with family, children, and partners, or more time spent alone.
Regardless of who we spend the most time with, the pandemic revealed the importance of human connection to our wellbeing. While many are still doing this through their screens or at a six-foot distance, 2021 could be the year we break out of our bubbles and get back to time spent together.
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