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They rebelled against their parents by processing the slacker persona think jeans flannel shirt coffee cup that is always there. This generation wants a balance in their lives. Growing up as a latch-key children their children will not suffer the same fate. Their children will be driven back and forth to school and many after-school activities. Generation X wants to work to live rather than live to work - even if it means decreased income potential. Like the hippies before them they derided their cohorts who drive luxury cars and wearing a business suit.
In order to buy houses and cars that cost is driven by Baby Boomers Generation X learned to live with debt. Worse they learn to accept it. Your feelings will not have enough money or we will not have our house in a way that our parents did. give them permission to take on increasing levels of debt to finance their lives.