Generation Gap

AAA

DEFINITION of 'Generation Gap'

The differences found between members of different generations. More specifically, a generation gap can be used to describe the differences in actions, beliefs, tastes, etc. between members of younger generations when compared to members of older generations. While generation gaps have been prevalent throughout all periods of history, the width (differences) of these gaps have widened in the 20th and 21st centuries.

INVESTOPEDIA EXPLAINS 'Generation Gap'

Generation gaps play a big role in business, as companies must find a way to balance the needs and views of individuals from differing age groups (not to mention diferents sexes, races and cultures). Also, these businesses must be aware of the changing demographics of their client base, as gender gaps can have drastic effects on not only their business but the overall business cycle as well.

RELATED TERMS
  1. Business Cycle

    The fluctuations in economic activity that an economy experiences ...
  2. The Greatest Generation

    A term coined by onetime NBC Nightly News anchor Tom Brokaw to ...
  3. Boom

    A period of time during which sales of a product or business ...
  4. Recession

    A significant decline in activity across the economy, lasting ...
  5. Cyclical Industry

    A type of an industry that is sensitive to the business cycle, ...
  6. Baby Boomer

    A person who was born between 1946 and 1964. The baby boomer ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Retirement

    The Generation Gap

    Studies suggest that young workers may not be able to retire comfortably - or at all.
  2. Personal Finance

    Demographic Trends And The Implications For Investment

    See how people's movements, ages, deaths and buying patterns affect portfolios worldwide.
  3. Retirement

    Generational Marketing: Harvest The Whole Family Tree

    Attract new clients by tailoring your message to specific age groups.
  4. Retirement

    Boomers: Twisting The Retirement Mindset

    This generation must take a whole new approach to post-work planning.
  5. Professionals

    What does C-Suite Mean?

    C-Suite is a slang term used to describe the highest level senior executives of a corporation. This is the decision-making, power center of a company. These individuals are usually paid well, ...
  6. Professionals

    What's Human Capital?

    Human capital is a company asset, but it’s not listed on the balance sheet. Human capital is all of the creative skills and knowledge embodied in the employees of a company -- skills that bring ...
  7. Professionals

    Why Is Wall Street Dominated By Men?

    Find out why women in the financial industry are still lagging behind their male counterparts when it comes to pay.
  8. Stock Analysis

    How American Express Counts on Your Profligacy

    Consumers like novelty, reliability, variety, and other subjective qualities. But what really keeps them coming back to American Express is convenience.
  9. Stock Analysis

    How CVS Grew Into a Drugstore Giant

    Want proof that brick-and-mortar businesses aren't dead? Just look at this company.
  10. Investing

    Corporate Governance

    Corporate governance refers to the formally established guidelines that determine how a company is run. The company’s board of directors approves and periodically reviews the guidelines, which ...

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center