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

A quarter of U.S. workers aged 50-65 laid off in the past decade remain unemployed, with 11% accepting pay cuts. Gen X workers (45-60) face prolonged job searches and financial strain due to rising costs, caregiving responsibilities, and high debt, despite comprising a third of the workforce.