''Generations'' Mean Something Different than I Thought they Meant

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The other night, I was watching REAL TIME with Bill Maher where one of his guests said something like 'There's a wealth-transfer going on between the Baby-Boomers' generation & the Millennials' generation.' And I thought Bill Maher FAILED there (in his duty as a comedian) by not responding, "What about Generation X?" I wrote a blog-post about the word "Transfer," and--looking for a picture (more like a text-image) to put in that post--I searched the images online for 'What about Generation X?' And one of the charts I found showed me 'what I was getting "wrong."' Basically, I was under the impression that each generation 'bore & raised' the next one---my parents are Boomers, so naturally I'm in Generation X. But that's not how it works; I was born in the Millennial (or "Gen. Y") set-of-years, so I'm a Millennial. It doesn't matter 'what generation your parents were,' just 'what set-of-years your age-group was born in.' (It's odd; when I first saw the age-groups' birth-years, Millennials weren't born until 1984! I spent so much time considering myself an X-ennial, since my parents were Boomers yet my peer-group seemed to be Millennials. (Also odd: the Millennials seem to be the only group on the chart that was raised by 'another generation specifically.) hmmm