As Gen Xers reach midlife, they are emerging as one of the most active age cohorts and an overlooked pool of leadership and entrepreneurial talent. Here are five interesting facts about Gen X at midlife:
- Gen Xers like their jobs – They are both more likely to be employed and be more satisfied with their jobs than Americans in general.
- But feel stuck in their careers – Boomers are delaying retirement and ambitious Millennials are leapfrogging into management positions. “41% of Xers are unsatisfied with their current rate of advancement and 49% feel stalled in their careers.”
- They are under financial stress - While all generations have suffered from the Great Recession and the housing bust, Xers have been at the forefront of every economic shock and blow to middle-class incomes since the 1980s. They worry they won’t be able to afford higher education for their kids, won’t be able to support their retiring parents, and won’t be able to rely on Social Security.
- Yet they are happy and maintain excellent life balance - Along with their exceptionally high commitments to work and family, Gen Xers still manage to engage in myriad of professional and community activities and are happy with their lives.
Lastly, and very importantly…
- They are embracing entrepreneurship - Millions of Xers have turned their career challenges into an advantage by embracing entrepreneurship, more than any other living generation: In fact, nearly 40 percent of Gen X men and more than a quarter of Gen X women aspire to be entrepreneurs. In many cases, they do it alongside their full-time job. They are ambitious, resilient, and technologically adept. From gourmet cupcakes to Google, Gen Xers launched businesses at three times the rate boomers did while age 25 to 35, according to research by the Center for Work-Life Policy and reported by Bloomberg here.
Groups like the Kauffman Foundation understand the importance of early stage companies to the economic future of the US. In fact, Kauffman research shows that startups are responsible for almost all net job growth in the U.S. economy for all but seven years (going back to 1977), and the top 1% of high-growth startups generate almost 10% of all new jobs. That's why Kauffman has teamed up with the Case Foundation to launch the Startup America Partnership, a privately funded nonprofit, which connects entrepreneurs with the resources, networks and opportunities they need to grow.
With this kind of support, Gen X's leadership and passion for starting businesses will continue to be an important part of the next phase of the US economic recovery.
originally posted at the Trend and Foresight Blog.
- About WFS
- Contact Us
- Frequently Asked Questions
- History of WFS
- Board and Council
- Press Room
- Futurist Gear
- Are You the Next CEO of the World Future Society?
- Book a WFS / Futurist Magazine Speaker
Essays and comments posted in World Future Society and THE FUTURIST magazine blog portion of this site are the intellectual property of the authors, who retain full responsibility for and rights to their content. For permission to publish, distribute copies, use excerpts, etc., please contact the author. The opinions expressed are those of the author. The World Future Society takes no stand on what the future will or should be like.
Free Email Newsletter
Sign up for Futurist Update, our free monthly email newsletter. Just type your email into the box below and click subscribe.
New technology could make us a world of winners. Customer control will increase so businesses will serve customers with total dedication and focus. Here’s examples from products, services, business relationships and health care. You win in tomorrow’s economy!
December 6, 2013 - An article in The Guardian a couple of weeks ago caught my eye.
Exactly 80 years ago today, city streets across the United States went into celebratory mode: President Roosevelt had just signed a repeal of the prohibition on alcohol. On Dec. 5, 2013, however, a new challenge is under way against another set of U.S. prohibition laws. And the arena isn’t just the United States, but the entire globe. The present-day forbidden fruit: illegal drugs.
December 5, 2013 - At this blog site we have looked at artificially-induced vortices as a novel approach to generating energy, but this one seems less like science fiction, a technology that captures wind from any direction and funnels and compresses it to drive a generator.
December 5, 2013 - You have to admire Jeff Bezos for what my culture calls chutzpa. He has been in the headlines twice in the last week. First with a proposal to start shipping goods from Amazon to customers using drones. And second, successfully firing his new Blue Origin rocket engine at the Van Horn, Texas test facility. The latter simulated a suborbital mission.
Every time I delete spam from my inbox, I feel a tiny piece of my life flitter away. Sitting needlessly at stoplights, or watching the minutes tick away as I wait in some line, or being forced to fill out yet another form, our precious time is being coopted by everyone from inconsiderate businesses, to overbearing government, to painful security checks at the airport. This is what I call “time pollution.”
December 4, 2013 - The El Nino and La Nina or Southern Oscillation (ENSO) are expected to become more exaggerated as temperatures rise here on Earth.
December 4, 2013 - SpaceX, the private company founded by Elon Musk, has achieved a number of milestones in the last few weeks. These include:
- completion of the first series of Grasshopper test flights in which this vertical takeoff and landing launcher went through its paces achieving an altitude of 744 meters (2,440 feet) before returning to its launch pad.