Posted on 10/23/2012 8:37:50 PM PDT by GlockThe Vote
Boomers and Gen X adults have officially swapped places on the retirement worry spectrum. While boomers' worries about retirement have waned over the last few years, a new study by the Pew Research Center found more than half of Gen X say are “not too” or “not at all” confident about retirement, compared to just a one-third of boomers. Just three years ago, Gen X workers were among the nation's most optimistic, with just 19 percent saying they weren't confident about retirement. The reason is simple enough: Though most of the attention has been given to boomers whose nest eggs were pummeled by the recession, it was Gen X that saw their net worth fall the most.
"The median net worth of [Gen X] has fallen at a far greater rate than for any other age group both in the past 10 years and since the beginning of the Great Recession," the report says.
In fact, a census report released in June found Gen X saw a 59 percent decline in median household net worth between 2005 to 2010 –– the largest of any age group.
(Excerpt) Read more at businessinsider.com ...
Gen X swooned with enthusiasm for Hussein...a fraud which us older people spotted a mile away.
Now Gen X is paying the price for their foolishness.
Hopefully they learned their lesson like Boomers did with McGovern and Carter.
I know many of my fellow Gen Yers have regrets with Obama. Well, the ones that aren’t obsessed with social liberalism.
Not all Gen Xrs, born in 1967, republican straight all the way. Missed Reagan 1984 by one year.
-Gary
not by my friends. I voted for Palin and wish she were our nominee.
I hope the gen Xers have awakened to the mistake of voting dumacrap and have seen the light.The Gen Xers who saw through the fraud at the onset have my deepest sympathies and take some solace that they are not alone.
Not only am I a gen-Xer but a SINGLE WOMAN. gasp! Most of my friends voted McCain/Palin.
There is something articles like this miss. It talks about nest eggs and inflation adjusted dollars but doesn’t discuss how careers have advanced over the past few years. Not only are the next level of positions scarce in my field, the lateral move positions are virtually non-existent. Prior to 1997, there was always at least one job opening. Now one shows up every 3 months or so. The competition is so fierce you can expect multiple panel interviews and extensive testing. I am pretty sure I lost out on a job due to the proof reading score on a clerical test.
If other fields are as bad as mine, that compounds the problem.
“Gen X saw a 59 percent decline in median household net worth between 2005 to 2010”
About time someone reported on it!
Hey, at least ‘Generation bankrupt’ isn’t ‘generation deadbeat’ who spent what their parents left them, spent all their own money, and are well through spending their children’s money too.
Most of my gen x friends in NYC are hardcore reagan repubs.
“Gen X swooned with enthusiasm for Hussein..”
No, Gen X is not the problem here. Some might argue the Boomers have given the weakest candidates possible to choose from.
John McCain? Really? Pathetic!
Paul Ryan is the first Gen-Xer at this political level. He needs to correct the Boomer math problems!
So we get the weird curmudgeon and the hip-hop unknown as . Go figure.
Near as I can tell, Boomers and the college-class are the only ones supporting Obamugabe this time around....
I am a gen Xer and I argued with my recruiter for the Marine Corps when I was in eleventh grade who was a dem. I also don’t care what any articles says I set my future not some ignorant lib writer.
I also put another $1000 in silver aside because the baby boomers have know for decades what problems we are facing and have done little to fix them. My family will be fine despite the inability of the boomers to face their created problems. From what I see all the rinos are from the older generations and it is the Xers and younger people who are tackling the tough problems.
are you kidding me? gen x is way smaller than the liberal aging hippie boomrers full of white guil who couldn’t wait to vote for el douchebag zero. we don’t fall for that tripe.
Gen X’er here, born in 75. I grew up in the prosperous Reagan era, had a great childhood. Never paid attention to politics til 9-11 happened. That year I discovered I was a Conservative through and through. It was also my first time listening to Michael Savage.
I got smacked in the teeth by the 1980 recession, just as I was entering the adult workforce. It was rough for a while but it got much better.
‘Course we had Reagan and these kids have Obama. Sucks, doesn’t it?
McCain’s not a boomer.
Completely wrong. Gen X grew up in the time of Reagan. Retro was cool. Short hair was back in style. You are thinking about Millennials. I used to fight with all my liberal high school teachers, thought that Nixon was really not that bad of a guy, and I had a subscription to the National Review. We are a smaller generational group sandwiched in between the most spoiled generation in U.S. history, the Boomers and the most empty-headed generation, Gen Y, Millenials. Ok, I am kidding, but you know what I mean. :-)
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