Ken's article on 'Unwilling Retirees'

- 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)

With careers now lasting only 20–25 years, those in their 40s and 50s are grappling with longer job hunts, mounting stress, and financial pressure. Agree?

https://the-ken.com/story/why-more-40-somethings-are-becoming-unwilling-retirees/?utm_source=daily&utm_medium=email&utm_campaign=daily_newsletter

"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."

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

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? 😂

Quoting from The Ken (which btw I would highly recommend). How many of you think this is true for Bangalore and problems that we are facing now with this generation. +++++++++++++ Between 2020 and 2022, investors pumped billions of dollars into startups whose founders and leaders offered up the mythical “hypergrowth” narrative. Those startups, in turn, pumped money to hire and grow a layer of mid-level and senior-level executives whose job was to deliver on that hypergrowth narrative. And salaries went through the roof. Hikes of 50% and above were par for the course. Cut to the present. If overvalued startups are widely recognised as a problem, can overvalued employees escape the same fate? A CEO of a prominent company estimates that “in product and tech, 20-30% are in this category”. - Extract taken from Ken

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

Have you guys think about early retirement 45-50 Let’s discuss ways to achieve that