The generation born 1946–1964 shaping today’s economy and culture
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
July's jobs report has shown the unemployment rate falling to about 4.1% while long-term unemployment has dropped to roughly 1.8 million. Economists say the decline has been driven by 264,000 people leaving the labor force and a five-year low in participation, signaling discouraged jobseekers rather than stronger hiring.
Gen Z’s weekends have shifted from nightlife to home as financial strain, burnout, and loneliness rise. A Harris Poll shows over half feel lonely on typical weekends, with 49% lacking enough in-person friends and 65% turning to smartphones for social life. Wellness and affordable, low-key activities are replacing traditional nightlife, with renters and women hit hardest by costs.
Bloomberg reports Fitch Ratings finds not-for-profit hospitals and health systems have broad optimism about resilience, but tone has shifted to caution. The recovery appears near a transition point as operating conditions evolve.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.