Study Reveals Place Favoured by Rich Gen-Xers

Linda Bakhshian, a senior portfolio manager at Federated Investors, revealed the top places where Gen-Xers spend their cash on the real estate markets. The Gen-Xers or generation X is the generation preceding the millennials and following the baby boomers. Gen-Xers are born between the mid-sixties to the early 1980s.

Generation Guidelines

  • Post-Millennials are born
  • Millennials are anyone born between 1981 and 1996
  • Generation X are people born in 1965 up to 1980
  • Baby Boomers are anyone born between 1946 to 1964
  • The Silent Generation is people born between 1928 to 1945

Realtors Focus on Generation X

When you look at different industries, each focus on a different generation. Investors and realtors focus mostly on Generation X. The reason is that it is the generation that is now ready to retire.

The wealthy generation Xers favour Florida according to studies by Smart Asset, well the wealthy ones that are. The ten states most favourable to this generation after retirement includes Texas, Florida, North Carolina, South Carolina, Washington State, Orgon, Colorado, Tennessee, Arizona and Georgia.

The study shows results for people aged 35 up to 54 with a wealthy income or $100,000 or more. The reason why the ten listed cities are in high demand is that these offer the best housing, stability and constant growth. Mortgage rates in the areas over the past 30 years had a 3.75% dip.

Online Bookmakers and Casinos Focus on Millennials

The wealthy Generation Xers have already found the online bookmakers and casinos they feel deserves their loyalty. Unlike the realtors, the marketers at online bookmakers and online casinos are way more focussed on millennials.

Catering to the millennial generation is more complicated than anyone outside of the online gambling industry would think. It is the generation that forced online casinos to make the shift towards gamification.

A Generation Demanding Gamification

Gamification is the combining of video games with online casino gameplay. The player no longer only spins the reels for winnings, but also claim awards for rising through different levels. It is an era of interactive gameplay; the millennial generation wants to feel part of the game. What they need is to think is that their gameplay capabilities influence the outcome of the game.

Future in Gambling Determined by Millennials

The millennials also influence the future of gambling as it moves towards virtual reality, allowing the player to enter a virtual world. Software developers have already created several games for virtual casinos, and players need special equipment to enjoy the full advantages of virtual reality games. Future planning also includes plans in which sports fans would be able to attend main sports events. It would consist of the purchase of a ticket and to have a view from the seat booked while you are watching the match from home. One thing is clear, and that is that the generation demands technological advances that are to the great benefit of all other ages.