Yes. Another way of looking at it is that GenX are the children of people too young to be members of the Greatest Generation or participate in events surrounding WWII, but too old to be baby boomers.
> Generation X (or Gen X) is the demographic cohort following the baby boomers and preceding the Millennials. Demographers and researchers typically use birth years ranging from the early-to-mid 1960s to the early 1980s, with 1965 to 1980 a widely accepted definition.