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Loose change

By Times staff writer
© St. Petersburg Times
published February 3, 2002

GEN X AT WORK: There's a common assumption that Gen Xers aren't as driven or loyal in their work as prior generations. But 83 percent of some 1,200 professionals born between 1964 and 1975 say they would go beyond what's expected of them to boost their companies' success. And 47 percent said they'd be content to spend their careers with their current employers.

SKEWED VIEW? More than three-quarters of some 1,200 baby boomers surveyed think they're saving enough to maintain their current standard of living in retirement. But MetLife Mature Market Institute director Sandra Timmermann says "with increases in longevity and the current economic climate, that might not be true." She notes the Zogby International poll results contradict evidence that boomers are saving less than previous generations.

DIGGING DEEPER: Corporations gave more money to charity in 2000. A Conference Board report puts contributions at $3.9-billion, up 15 percent from $3.4-billion a year earlier. Most of the money went to health and human services groups, education, culture and arts organizations, and civic and community causes. The pharmaceutical sector gave the most, followed by computer and office equipment manufacturers, banking and telecommunication services.

LESS TIME AT THE TOP: Chief executives' tenure seems to be diminishing. CEOs who left their jobs in 2001 had held them for an average of just 5.7 years, according to Chicago employment company Challenger, Gray & Christmas. The higher rate turnover is attributed to growing economic uncertainty and more oversight from directors.

TO PHASE IN A COIN: Two years after the Sacagawea dollar coin was introduced, only 37 percent of 1,000 Americans tell Coinstar they have used it to make a purchase.

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