The Great Detachment is looming for employees, experts warn — especially for Gen Z

Tech Insider : Economy
Three workers bored at their desks
COVID-19 and a lack of trust have exacerbated the disengagement crisis across generations (stock image).

Maskot/Getty Images

Millennial and Gen Z retirements might actually be OK while boomers and Gen X could struggle. It's due to how savings have changed over time.

Tech Insider : Economy, Economy
A person is sitting at a table, which has stuff on it, and looking to the side.
Gen X and boomers are at greater risk of facing retirement shortfalls than younger generations, a new report said.

MoMo Productions/Getty Images

I'm a boomer who couldn't afford to retire in the US. At 70 I moved to Spain and it was the best decision ever.

Tech Insider : Travel
Woman posing for photo in Barcelona
The author moved to Spain in 2017 and still lives there, she said it was the best decision she's made.

Courtesy of the author

A boomer lives on $1,800 monthly in Social Security and worries about her future: 'What am I going to do?'

Tech Insider : Economy, Economy
An older woman sits on the edge of a creek with her dog.
Ann Miller, 78, (not pictured) lives in a small town in Washington with her dog. She struggles to get by on her Social Security income.

SolStock / Getty Images

A boomer living on $1,680 Social Security and SNAP struggles to afford food: 'It has kept me very isolated.'

Tech Insider : Economy, Economy, Politics
An older woman standing in the produce aisle of a grocery store.
Rita, 68, (not pictured) lives check to check on Social Security in Illinois.

JAG IMAGES / Getty Images

Gen X is in charge now and boomers are being shown the door

Tech Insider : Politics
kamala waves goodbye

Brendan Smialowski, Justin Sullivan/Getty Images; Chelsea Jia Feng/BI

A boomer living on $2,400 a month is waiting 8 years to collect maximum Social Security benefits, even though she's struggling to get by

Tech Insider : Economy, Economy
An older woman sitting outdoors
Diane Williams, 62, (not pictured) doesn't have enough savings to retire.

Image Source / Getty Images

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'

Tech Insider : Economy, Economy
An older man walking on a hiking path
George Dziamniski, 62, (not pictured) lives off his Social Security income and part-time paycheck from Walmart.

Westend61 / Getty Images

Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'

Tech Insider : Economy, Economy
Older couple grocery shopping.
For many boomers without retirement savings, Social Security isn't enough to cover daily expenses.

Cavan Images / Getty Images

Meet the boomers cashing in on the golden age of retirement

Tech Insider : Economy, Economy
Younger boomer/older Gen X couple hugging and gazing at sunset, with the wife holding a chubby golden piggy bank
Some retirees are now cashing in on the golden age for retirement savings, when benefits were more generous and investments in real estate and stocks boomed.

Getty Images; Alyssa Powell/BI

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