The survey, “Preparing For Their Future: A Look at the Financial State of Gen X and Gen Y,” sponsored by the American Savings Education Council, a program of EBRI, and Divided We Fail, asked survey participants how well eight words or phrases describe them. The largest number (96%) said that “hardworking” described them very well or somewhat well. “Family oriented” was a close second, with 91% saying the phrase described them very well or somewhat well.
Eighty-six percent of respondents categorized themselves as “disciplined,” while 84% said “optimistic” described them very well or somewhat well.
On the other hand, 56% said the phrase “expensive taste” did not describe them too well or not well at all, and 39% said the word “carefree” did not describe them too well or not well at all.
The survey, released in March 2008, included responses from 1,752 individuals.
A detailed report of the findings is here .