Earlier this week, music fans, cultural aficionados, and 90s decade revivalists marked the twentieth anniversary of the release of “Nevermind” the second album by the alternative rock band Nirvana. There is no brief way to illustrate just how much of an impact this rock album has had on pop culture, but as workforce and generational researchers continue to document and predict attitudes in business and life, the 20-year time-period provides a natural reassessment point.
Two decades past being labeled as “slackers”, Generation X is the subject of a new study from the Center for Work-Life Policy in New York City. Despite becoming well-regarded in work ethic and entrepreneurship, the smallest of the four generations in the workforce is hitting career walls. Baby Boomers, expected to be retired or on their way out by now, are sticking around, due mainly to economics.
The study also find the following:
- Gen Y and Boomers are the focus of media attention, but a new study finds Gen X to be critical to competitive strength going forward
- Triple whammy of three recessions, underwater mortgages and ongoing college debt has honed their work ethic and resilience
- Gen X college grads are impressively diverse. This is also the first generation where women are as ambitious as men
- A shift in gender roles is under way with Gen X men 36 percent more likely than their Boomer counterparts to be out-earned by their spouses
- The Big Surprise! 43 percent of Gen X women do not have children
As a result, gen X is the first generation to see its living standard drop from that of their parents. This ripple will be felt in the business world, if such works begin defecting for small companies or their own ventures.