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Access a bonus Workspan Daily Plus+ article on this subject: ‘Flextirement’ May Help Gen X Flex Their Retirement Muscles; Gen X Retirement Readiness: ‘Not Nearly Enough’ Compared to their Gen Z, millennial and Baby Boomer colleagues, Gen X workers are the least confident in their retirement readiness (in fact, many of them have said they fear retirement more than death ).

Aged Salary = Survey Salary x (1 + (Market Movement Percentage x Number of Months / 12)) Example: If the original survey salary is $70,000 and the annual market movement is 3% (0.03) over a period of 6 months, the calculation would be: Aged Salary = $70,000 x (1 + (0.03 x 6 / 12)) Aged Salary = $70,000 x (1 + 0.015) Aged Salary = $70,000 x 1.015 = $71,050 This means the salary is aged to $71,050 to reflect the market changes over the 6-month period.

Aged Salary = Survey Salary x (1 + (Market Movement Percentage x Number of Months / 12)) Example: If the original survey salary is $70,000 and the annual market movement is 3% (0.03) over a period of 6 months, the calculation would be: Aged Salary = $70,000 x (1 + (0.03 x 6 / 12)) Aged Salary = $70,000 x (1 + 0.015) Aged Salary = $70,000 x 1.015 = $71,050 This means the salary is aged to $71,050 to reflect the market changes over the 6-month period.

With many Gen X individuals or households having far less than $100,000 saved , retirement is gearing up to look very different for this generation.

Added 139,000 Jobs in May; Unemployment Rate Unchanged According to the latest employment data released by the Department of Labor’s Bureau of Labor Statistics on Friday, June 6, the U.S. added 139,000 jobs in May, more than what economists expected.

Department of Labor’s Bureau of Labor Statistics reported on Friday, Dec. 6.

On Jan. 24, the retail giant said in a memo to employees that it was increasing its minimum wages for store workers to a range of $14 to $19 an hour, up from $12 to $18 an hour.

The Equal Employment Opportunity Commission (EEOC) is now offering individuals the option to select a non-binary “X” gender marker during the voluntary self-identification questions that are part of the intake process for filing a charge of discrimination, according to the organization .

When survey respondents were asked how they would pay for a costly and unplanned medical bill: ;48% said they would set up a payment plan; ;31% would use general savings; ;28% would rely on credit cards; ;12% would take a hardship withdrawal from their retirement account, with millennials (20%) and Gen Z (16%) more likely to do so than Gen X (6%) or Baby Boomers (3%); Other key findings from Equitable’s survey include: ;37% of Gen Z respondents use platforms like TikTok, Instagram, Reddit and YouTube for benefits information — more than any other generation.

Academy of Management Discoveries 6(1): 12-38.