Page 6 - IDEA Studie 06 2023 Generace X a Y

GENERACE X A Y OČIMA DAT: KDYŽ BYLI RODIČE MLADÍ JAKO MY IDEA 2023 • The second most prominent intergenerational difference we observe is a reduction in the rate of marriage. Members of generation Y were married far less often in the age period we observe than their parents in generation X were at this age. While 65% of generation X women were married in 2006, in 2021 the equivalent share among generation Y had fallen to just 46%. The percentage of married Y men is even smaller. In generation Y, only 34% of men were married by the age of 40, while in generation X the percentage was 52%. • This trend towards not marrying, or marrying later, is also related to generation Y’s fewer children. In our data, every adult living in a household with at least one dependent child is considered a parent. While in generation X, 74% of women and 50% of men are categorised as parents, in generation Y, at the same age, the percentages of parents are lower: 65% of women and 43% of men. • Lastly, we compare households’ material means across the generations. We compare data that depicts a household’s financial situation, such as whether households could afford a week’s holiday away from home, meat every other day, a car or a computer, and how well they managed to make ends meet on their salaries. Our analysis shows that, in all of these observed budget indicators, generation Y is unequivocally better off than generation X. Nevertheless, it is important to remember that these differences in material means are not solely the result ofimprovements in individual household financial situations, but also reflect external improvements, including real economic growth, higher salaries, improved productivity, and the long-term low rate of unemployment in the Czech Republic. 4