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Gen X’s are the Oprah generation.
No generation has seen such financial ups and downs?
The generation of the 1920’s and 1930’s might just dispute that
Boomers stand in our way at work…
That is the biggest problem for Gen Xer’s. I am sooooo sick of Boomers sitting in their cushy jobs while we continue to wait to go up the latter. It is an epidemic. All 7 of the Supervisors in my building are 60 and above. They are just waiting....for something....not sure what. They get a pension so what is the problem????????
I get really tired of hearing about median family income. Even Charles Murray used that stat in his book COMING APART. In that book he noted between 1970 and 2010 the bottom half the country was stagnant in earnings while the top half saw large gains.
The problem is in the article between Boomers and X is what percentage of families were single income vs. dual income? I would prefer to just know what the median full-time salary is. But that stat is almost never given. Instead it is median family income. A nice little trick to have the wife work and suddenly everyone should feel so much richer, even if the husband earns less than this father a generation earlier.
WORK MORE FOR LESS AND THINK U ARE PROSPERING. What a joke.
On the whole, I admire Gen X more than I admire the Baby Boomers. I think Gen X was handed a pretty rotten deal. I think the Baby Boom was handed a very sweet deal, and a lot of them (not all) just wasted the opportunity to build real value.
If you look at generational cycles, you can see the madness of certain populist economic policies. “Generation X” started working in a low tax environment but now that they are in their prime earning years, they are getting hit with higher taxes. They are not the “rich” who benefited from the “Reagan/Bush” tax breaks or whatever else the Libs like to throw around. In the past, people would build their way up to their peak earning years in their 50s and early 60s and use that money for retirement. Now that money is being taken away via taxes. Then Gen X likely will be subject to retirement benefit means testing, rubbing salt into the wound.
Gen X is getting screwed, but it won’t be the last generation to ge screwed. Its becoming increasingly clear that no one in Washington has the will or desire to control spending so future generations will be screwed even worse.
GOOD.
I have always found this type of thing objectionable.
It always seems like a liberal thing, to put people in buckets to pit them against each other. I reject it out of hand. If you want to get ahead, and are driven to get ahead, you will get ahead.
There is something whiny about this article that turns me off.
I think if people are worrying about this, they are wasting their time worrying about the wrong thing.
Boy is that one true. Ten years ago my company was having seminars on how to attract enough people to replace the Boomers. Now with the recession decreasing business AND delaying retirements it doesn't look like my generation will get a shot at moving up the ladder any time soon.
I always said, first they said that the problem was that children were having children. These "generation x'ers" are the children that those children had.
-PJ
The comments are interesting.
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7. Lack of respect for more seasoned workers who earned it and didn't complain all the time about their own shortcomings.
