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Risky business for Gen X

New research shows that Generation X Victorians are leading a riskier life than those of Generation Y

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19 Jul 2011

New research shows that Generation X Victorians are leading a riskier life than those of Generation Y.

The research commissioned by life insurance consumer awareness campaign Lifewise found that those surveyed of Generation Y were more cautious in life. The research shows that while Generation Y are more financially savvy and stable, Generation X were more likely to be in debt - with 54 per cent admitted to having debts over $5000, to smoke, have unprotected sex with a stranger and drive while under the influence of alcohol. Lifewise coordinator Holly Dorber told Herald Sun "Generation Ys are taking more responsibility for their actions".

The research shows that Generation Ys were more likely to report they wee living a happy life. Now is that because they are Generation Y or because they are in their twenties, young, doe-eyed and have their lives ahead of them. Do we really need to commission a survey that tells us when you are twenty you are happier than you are in your forties holding down a full-time job, household and kids?

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