The oldest members of Gen X are nearing 60, but many can't afford to retire due to financial instability and lingering debts.  Gen Xers, born between 1965 and 1980, were the first to navigate the ...

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- The oldest members of Gen X are nearing 60, but many can't afford to retire due to financial instability and lingering debts.
- Gen Xers, born between 1965 and 1980, were the first to navigate the shift from traditional pensions to 401(k) plans, placing retirement responsibility on individuals.
- The 2008 financial crisis and ongoing student debt have significantly impacted their financial health, with many still supporting adult children and aging parents.
- Median household net worth for Gen Xers is lower than that of baby boomers at the same age, highlighting their financial struggles.
- Despite some success stories, many Gen Xers expect to work indefinitely, unable to rely solely on their retirement savings. 

 Source: [WSJ](https://www.wsj.com/personal-finance/retirement-gen-x-money-a42bad7b?reflink=e2twmkts)

Generation X Faces Retirement Challenges Amid Financial Struggles

Journalist

Generation X Faces Retirement Challenges Amid Financial Struggles- Grapevine

This is reality in India too

You don't need to spoil kids with the best possible education, day care and shit they don't even need. 
  
 Today's parents are too much. Our generation didn't even have half the stuff that today's kids do, we still did alright.  
  
 Homeschooling is a great and realistic option that most people don't even consider. They just want to justify breaking their backs without even asking their own family if they need all that extra money and privileges.

Product Owner

Consultant

Welcome to Indian Startups's Private Community

Hearing alot about GenZ not being serious about work, lack of expected manners, careless about impact (these are not my opinions) etc, i was wondering this is the reason why 
a) millennials are able to save their jobs bcoz their managers are used to of certain way of working 
b) freshers are not getting jobs as it was 3-4 years back, even out of top colleges! (Source - Latest IIT placement reports)

is it true or i am just being optimistic that my job is secured? 😂

GenZ as workforce

Sales Manager

How are companies and startups doing marketing for Gen Z? Does anybody have any idea about this?

Gen Z 🤔

genz

And at work 
  
 + the endless chase for the mirage that is wlb 
 + if anything isn't per their expectation, its toxic

Feel this is such a crucial story. The possibility of holding sufficiently dignified jobs in your 40s and not getting replaced by genz

Ken's article on  'Unwilling Retirees'

Software Developer

Is it just me or you'll think that our millennial's  adult life is hard compared with all these generations.

Millennial's Adult life

SAP Consultant

What is it that you like and dislike about them in general?

What are some of your interesting takes on your GenZ co-workers?

They talk about restuarants alot. I think 60% of their conversation is around which restaurant or pub is "cute" or "vibes".  
 But that might be a Bangalore thing. 
 Also they watch alot of Indian OTT and nothing else. 
 Saare chutiya indian shows dekh liye but Oppenheimer nhe dekhi abhi tak, which is shameful.

Analyst

Welcome to IT Company Discussion's Private Community

Planning out finances, hence this question. Also, we are the first generation (in most families) to retire from this sector. What is the age of the most senior employee you know in software. Hardly only 10% make it to the board/senior levels. How about the rest? And can we really take on this kind of stress and work after our 40s and compete with the younger generation?

What is the typical retirement age in the software industry?

- Let’s create a safe space
- Mention *minimal* information such as you age, gender, etc to add context about you
- Trolls be empathetic and think before you comment to someone.

What are you innermost thoughts and emotions you don’t share with family and friends as they wouldn’t understand?

So I ran these 2 surveys on GV. The one on the left is for millennials and the other one is for GenZ. 

I really thought that the GenZ narrative was false. Guess I was wrong.

This is such a stark difference. What do you think is the reason for this?

P.S. I was born in 2000

GenZ values WLB almost twice as much as millennials. I have data.

Product Manager

Welcome to Office Gossip's Private Community

I hate entitled genz.. Most frauds, brought up on soyboy YouTube channels . 

Boomers hated the millenials.. Millenials were too much talk and true most of it is. 

So why the fuck should millenials bend over backwards for genz. 
If they die, they die.

Keeping up with the trend

Welcome to Personal Finance's Private Community

The way all new interns, SDE1.2 & Mostly GenZ are investing in MF. There were multiple people in same family having 3-5 Cr in next 15-18 years. Those not investing will feel the heat later. 😨🥹

Gen Z is more focused on investing

Engineering Manager

Welcome to Business Roles's Private Community

Will most of the people will lose their job because of age factor? Younger workforce will throw out most of the 40s workers?

Job at the age 40

I joined Synkrama Technologies Private Limited  with enthusiasm, inspired by a positive and supportive environment. Initially, the atmosphere seemed promising, and I was motivated to contribute to the team. However, as time went on, I faced numerous challenges that profoundly impacted my professional and personal well-being.

Early in my tenure, I was appointed as a Team Lead on several projects. This role, though a significant opportunity, came with immense pressure from our CEO, KJ. The expectation was to meet deadlines at any cost, which led to continuous mental stress. Under his directives, I inadvertently became a source of pressure for my colleagues , AN , and AB and other major colleagues . This created a strained and uncomfortable working environment for all of us as i used to put pressure on them on the influence of Karan Jain 

The situation worsened as I found myself working through weekends and even during leaves, resulting in severe mental exhaustion. Despite these efforts, new developers were hired, and I was sidelined. This period was particularly tough, leading to depression and sleepless nights. After enduring this for several months, I decided to resign from my position.

Unexpectedly, KJ contacted me, urging me to withdraw my resignation. He assured me that the previous issues would be resolved and praised my contributions. Reluctantly, I decided to stay, hoping for a positive change.

However, the company's environment continued to pose challenges. We were subjected to screen monitoring via Team Logger, where management frequently questioned my idle time. Despite my high productivity and efficiency, I was often scrutinized for taking breaks or assisting colleagues, which is essential for maintaining a collaborative workspace.

Most recently, a significant and distressing event occurred, further affirming my decision to share my experience publicly. it’s crucial to address and bring awareness to the toxic practices that can affect employees’ mental health and overall well-being.

I hope my story encourages organizations to foster genuinely supportive environments and prioritize the mental health of their employees.

source: https://www.linkedin.com/posts/rutvik-borad-12409b19b_theabrcurseabrofabrcoprorate-activity-7199762667471839233-3wyR

The Curse of Corporate

I saw your post on LinkedIn yesterday and shared it with my friends and colleagues. In my previous organization, my manager faced a similar issue but didn't have the courage to speak out. I'm glad you addressed it, as it will surely encourage others to share their stories and raise awareness about such practices. Thank you for your bravery.

Data Scientist

Education

I'll be happy to answer any questions about GenZ!

GenZ are the most diverse generation (accelerated by growing up with the internet since we were 4 years old) and you cannot generalise by saying 'this is genz' because no matter what, not even 30% of us are similar.
  
Yes, we run after validation on Instagram. And yes it's unhealthy. But it's not fair to single us out. Older generations have also been obsessed with TV News, FB and Twitter. No need to deny, we all know.
  
GenZ also more openly talks about mental health and we call out things which the older generations just accepted as 'aisa hi hota hai'. Think Gender Inclusivity, Harmful Climate Practices, Running after only Salary, Marriage and Kids, Jobs where you're not treated with Basic Human Dignity, Shitty Mental Health, etc. 
 
We're conscious about prioritising our mental health, even though it's tougher for us than ever before, so we're sorry if our calling things 'toxic' annoys you a little.

We're all extremely concerned about Climate Change because we know we're the last generation which can fix this.

From a GenZ. AMA!

Founder

"Companies today have a young workforce, with even their CEOs being under the age of 40. With a low average age today, companies prefer hiring younger candidates, simply because they'd gel well with the company culture and work design."

Retirement age 40

When I joined corporate world  in 2012, there were many 45+  and some 55+ folks among us..... 

Gradually I have been witnessing slow but steady change in demography.... After 10 years, I am rarely seeing any 55+ folks...and noticeable reduction in 45+ folks. 

My prediction is AI will make this slow change very steep in next 5 years and we would rarely see any average  but highly paid 45+ folks

Is unofficial retirement in corporate world decreasing year by year?

Software Engineer

Now a days work is never ever getting completed, we are working even after the office hours because every project is a p0 project, also managers are autocrative then a tech lead who dont have l0 knowledge but will comment on your timelines and i really doubt that with this culture in it industry i would really want to continue for long run. 
Are there some better career pivots that should be consider in mid 20s to avoid life long suffering ?

Hustle culture and toxicity

When I was in melbourne, I met a waiter in an Indian restaurant. He did his bachelor's in biotech and worked at this resto part time. Post his studies he got some job opportunity but stuck to this resto job. I asked him why? He said I get a free house and 2 meals. In 5 years I can collect enough money to go to hometown and buy 2-3 shops and m done for life. That time I was like how can a person be such? With no ambition?  
 Now I empathize after having high BP, neck pain, and many stress induced illnesses. Work on something, be really good at it and give it time. Its ok to be rich at 45, no need to have millions today. I used to think I missed the bus if I didn't make millions by 30. Now a bit wiser.

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