Older millennials and younger Gen Xers are driving America’s Great Resignation , per HBR .In the middle of this cohort are geriatric millennials , known for acting as a generational bridge.With their unique skillset and greater freedom to quit, they have the upper hand in the workforce.10 Things in Politics: The latest in politics & the economy By now, you’ve probably heard about the Great Resignation .
Coined by psychologist Anthony Klotz , the trend involves millions of Americans dropping out of the workforce throughout the economy as it reopened more and more.Over 3.6 million people quit in April, May, June, and July, according to the Bureau of Labor Statistics.
But a certain cohort is leading the way.
According to a recent analysis by the Harvard Business Review that looked at 9 million employee records from more than 4,000 companies, midcareer employees are driving the quits.Resignation rates are highest among 30- to 45-year-old employees, increasing on average by more than 20% over the past year.
That means it’s mainly older millennials and younger Gen Xers who are making the Great Resignation so, well, great.
Other research backs this finding up.
In late July, a Bankrate survey found that more than half of Americans in the workforce — including a disproportionate number of millennials — planned to look for a new job in the coming year.In August, a study by Personal Capital and The Harris Poll found that two-thirds of Americans surveyed were keen to switch jobs.More than a quarter (78%) of millennials felt that way, as did 47% of Gen Xers.Two-thirds of millennials agreed that “Now would be a great time to make a career move.”.