💼 Business 1d ago · Emma Burleigh

A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

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A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work
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Americans want to work longer to support themselves as the cost of living climbs and 401(k) benefits are further delayed, but many older Gen X workers and young boomers are being forced into retirement after being laid off with no jobs to turn to.



Among U.S. citizens between the ages of 50 and 65, 14% were laid off once in the past 10 years, with 4% being fired more than once, according to a 2025 WSJ analysis of Boston College’s 2012 to 2022 Retirement Study. And of those who experienced layo

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