An article by the Associated Press reports that Generation X, the 32-44 year-olds wedged in between the Baby Boomers and Gen Y youth, are jumping on the "this recession insn't fair" bandwagon. That's no surprise. Why should any generation be immune to the way things have gone economically? What's interesting is the particular perspective that Gen X'ers have.
The Boomers got whacked by this whole thing right when they should have been retiring and living the good life. They lost so much when the stock market went south that now they have to keep working. It's understandable that they be frustrated and sad.
The Gen Y crowd is angry because they can't find jobs, since the boomers aren't retiring. They're also angry because they didn't think they would have to take entry-level jobs (part of their much criticized personality of entitlement). I can absolutely see how that would be anxiety-producing.
The Gen X'ers, in contrast, have already started their careers, and many have held multiple jobs by now. They should be taking over in upper management as the Boomers retire, but they aren't getting to do so. Plus, they're losing jobs in downsizing, and having to make the choice between doing the same job for someone else at less pay than they used to do it for, or losing that job opportunity to a Gen Y kid who is willing to start at that lower pay (yes, there are a few of them).
Everybody's going to feel this thing somehow. Nobody's going to be truly immune. Some of us are just going to feel it less than others. But you've got to stop looking for someone to blame, and start looking at what you can do to improve your own situation. Reduce your spending, eliminate your debt, and don't let your ego get in the way of how you earn money.