A quarter of Gen X who've been laid off in the last decade haven't found another job since—and 11% have taken pay cuts to escape unemployment

A quarter of Gen X who've been laid off in the last decade haven't found another job since—and 11% have taken pay cuts to escape unemployment

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

The Lasting Toll Of Unemployment

Losing a job and being unemployed for a long time ranks among life’s most stressful events, alongside divorce or the death of a loved one. The impacts extend beyond emotional and physical strain. Long-term unemployment can set back careers and finances permanently. Job skills fade, making workers less employable, and early-career layoffs especially harm lifetime earnings by blocking opportunities to climb the career ladder. Economists have strug…