There is one generation gap that has widened notably in recent years. It has to do with satisfaction over the state of the nation. In recent decades the young have always tended to be a bit more upbeat than their elders on this key measure, but the gap is wider now than it has been in at least twenty years. Some 41% of Millennials say they are satisfied with the way things are going in the country, compared with just 26% of those ages 30 and older. Whatever toll a recession, a housing crisis, a financial meltdown and a pair of wars may have taken on the national psyche in the past few years, it appears to have hit the old harder than the young. ( See chapter 3 in the full report )
The primary difference between Generation X and Generation Y is cultural. The hip-hop culture has invaded every aspect of their lives. I was born in 1978, which is a bit at the tale end of Gen X. But my friends are all Gen X and Baby Boomers, and I was raised around them.
I have found that most Gen Yers have little to no Geographic knowledge of the world they live in. They have little to no political opinions or thoughts whatsoever. They have no interest at all in high Finance (trade, stock market, etc.).
Topics of conversation most commonly encountered are: sports (primarily Football (NFL in particular)), hip-hop music (Rap in particular), movies (action and/or crime in particular), and fighting. There is an overall tone of “who’s da man!” when interacting with Gen Yers.
In conclusion, yes, they may be familiar with the operation of consumer electronics “gadgets”, but it was (and still is) the Gen Xers who are more familiar with how those devices work and the political/commercial history behind them.