May 11, 2016

Sandcrawler PSA: 25% of GenX Are Over 50

Listening to NPR and ABC you would think that everyone over 50 is a Baby Boomer?

A new poll says more than 40 percent of America's baby boomers stayed with their employer for more than 20 years. But it's unlikely that their children or grandchildren will experience the same job tenure.

The survey of more than 1,000 Americans 50 and older by the Associated Press-NORC Center for Public Affairs Research shows that 41 percent of those employed workers have spent two decades with the same company, including 18 percent who've stayed at least 30 years.

But it's a trend more common among the older baby boomers than younger ones, and traditional pensions appear to be one of the driving factors.

Among those who have had at least 20 years with a single employer, the survey found that about half are excited about retirement, but a third are anxious about their post-work lives.

When in fact GenXers born from 1961 to 66 are now over 50. That's a chronological 1/4 of GenX is now 50.

We will be the very last to have slipped through that lifetime career portal and the trends affecting younger Boomers continue and worsen among GenX, but now one ever mentions GenX. Millennials and boomers get all the attention while increasingly GenX is holding the last strands of civilization together. Paying huge retirement costs of the Boomers and also the costs of supporting 20 something Millennials efforts to find themselves hopefully before they become 40.

By Howie at 08:49 AM | Comments |