Victorian Generation Ys are also better at saving and spending within their means: 54 per cent of Generation Xs admit having accrued debts of more than 5000 dollars, compared with 31 per cent of Gen Ys.
Lifewise co-ordinator Holly Dorber said the research showed Generation Xs were also just as likely as Gen Ys to live at home.
Demographers define Generation X as being born in the period 1962-81, Generation Y from 1982-2000.
Many sociologists refer to the small Generation X as the "baby bust" group because so few children were born between 1964 and 1979.
Like any other group, health issues will become more of a concern as Generation X and Generation Y age, as will stress management.
Unlike their under-supervised Generation X cousins, the Ys have been micro-managed by their parents, enrolled in time-intensive, before- and after-school activities, and bound to the technological apron strings of pagers and cellular phones.
Although Generation X and Generation Y think they understand the concept of hard work, it may not be what they consider conducive for a good lifestyle.