Some of the Gen X-related statistics uncovered by the report:
- Gen X is the first generation where women's career ambitions are equal to those of men. Some 75 percent of GenX women and 72 percent of GenX men consider themselves ambitious.
- Gen X men are 36 percent more likely than Baby Boomer men to be out-earned by their spouses.
- A surprising 43 percent of Gen X women do not have children. Maybe it's because a third of high-earning Gen Xers say they work 60 or more hours per week.
The report notes that Gen Xers could be called the "wrong place, wrong time" generation. They left college with more than four times the debt that Baby Boomers did, on average, and often graduated into a lousy job market. They've already had to endure multiple boom and bust cycles, and many bought their first houses just in time to be hit by the real estate crash.
These macroeconomic events have affected everyone, of course, but they've hit Gen Xers the hardest because Baby Boomers are not retiring in the numbers expected. Instead, Baby Boomers are staying on the job an average of nine years longer than expected, making it tougher for Gen Xers to get promoted. The result?
- Widespread career dissatisfaction. Some 41 percent of Gen Xers say they are unsatisfied with their current rate of advancement and 49 percent say they feel stalled in their careers.
- Debt is still determining many career choices. Some 43 percent say the ability to pay off student loans is an important factor in their career choices, and some 74 percent say the same about credit card debt.
- Dual-earning couples are the norm. Some 91 percent of Gen X women say they are part of a two-income couple, while 68 percent of Gen X men say the same.
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Kimberly Weisul is a freelance writer, editor and editorial consultant. Follow her on twitter at www.twitter.com/weisul.