Final answer:
Generation X individuals were born between 1965 and 1981, are known as 'latchkey children', and contribute significantly to the economy with substantial buying power. The exact representation of Gen X in the Canadian population and their economic influence are subject to current statistical data.
Step-by-step explanation:
Characteristics of Generation X
Generation X, often abbreviated as Gen X, are individuals born between 1965 and 1981. They bridge the gap between the Baby Boomers and the Millennials, with specific traits and experiences that differentiate them from other generations. Generation X is known for being latchkey children, a term that describes kids who were given keys to their homes and were left to care for themselves after school, due to their parents' work commitments. This generation came of age in an era of changing societal norms and economic conditions, which influenced their perspectives and lifestyles. Contrary to Millennials, who came of age during the recession, Gen Xers established themselves during a more prosperous economic period. Although Gen X represents a significant portion of the Canadian population, the exact number exceeding 2.8 million may not be accurate and should be verified with current statistical data. In terms of economic influence, Generation X has substantial buying power, previously valued at around $260 billion annually, reflecting their impact on the market and consumer trends.
It is essential to recognize that generational characteristics are broad generalizations, and individual experiences may vary. Each generation brings unique qualities and contributes differently to society and its cultural fabric.