Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects. |X Has New Reason to Resent Boomers as Retirement Looks Bleakwww.bloomberg.comGeneration X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects, according to a study.

Gold continues its fall, capping the longest slump in more than four years, as the dollar jumped to a 34-month high. | (Photo: Carla Gottgens/Bloomberg)

This week's Bloomberg Businessweek cover: Why Jamie Dimon is Wall Street's most indispensable man. |de la biografíaThis week's cover: Dimon is forever |

Tesla increases the size of its equity and debt offerings by 30% to as much as $1.08 billion to repay its U.S. loan. | (Photo: Tesla)

For the first time since 2007, Bill Gates is the world's richest man, with his fortune $72.7 billion up 16% year-to-date. | (Photo: Aaron M. Sprecher/Bloomberg)

The Pentagon cleared Apple devices for use on its networks, setting the stage for the maker of iPhones and iPads to compete with and BlackBerry for military sales. |Mobile Devices Approved for Use on U.S. Military Networkswww.bloomberg.comThe Pentagon cleared Apple Inc. devices for use on its networks, setting the stage for the maker of iPhones and iPads to compete with Samsung Electronics Co. and BlackBerry for military sales.

Payrolls climbed in 30 U.S. states in April, while the unemployment rate dropped in 40, showing the labor market strengthened across the country. | (Photo: David Paul Morris/Bloomberg)

Steven Miller, who is being forced out as acting commissioner of the Internal Revenue Service, said the agency has learned its lesson from the scandal involving selective scrutiny of tax-exempt groups. | Watch his testimony LIVE: (Photo: Alex Wong/Getty Images)

EXCLUSIVE: McDonalds is considering axing Caesar salads and the Angus Burger in an effort to streamline a menu that has expanded by 70% since 2007. | (Photo: Charles Rex Arbogast/AP Photo)

The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll. |Achieved in U.S. as Growth for Two Years Seen in Pollwww.bloomberg.comThe U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll.

President Obama said he had no advance warning about an inspector general’s report on the IRS's selective scrutiny of small-government advocacy groups. | (Photo: Saul Loeb/AFP via Getty Images)

Bill Gates has retaken the title of world's richest man. |Gates Retakes World’s Richest Title From Carlos Slimwww.bloomberg.comBill Gates became the world’s richest person today, the first time he has held the title since 2007. His fortune was valued at $72.7 billion at 4 p.m. in New York, according to the Bloomberg Billionaires Index.

BREAKING: Bill Gates dethrones Carlos Slim as the world's richest man as Microsoft hits five-year high. Check out the Bloomberg Billionaires Index for more on the world's richest people. |Billionaireswww.bloomberg.comThe Bloomberg Billionaires Index is a daily ranking of the world's richest people.

Billionaire investor George Soros joins BlackRock in cutting holdings of products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost him $165 million. | (Photo: Carla Gottgens/Bloomberg)

Harry Winston paid a record $26.7 million for a colorless diamond in Geneva. The pear-shaped 101.73-carat stone is the largest flawless, colorless diamond to appear at auction. | (Photo: Christie's)

David Beckham said he’ll retire from soccer at the end of the season, closing a career that led him from Manchester United to become one of the world’s most-recognized people. | (Photo: David Ramos/Getty Images)

As immigration reform stalls, the House of Representatives is spending floor time on its 37th vote on repealing the 2010 Affordable Care Act. | Photo: Rep. Kevin Brady says "It's a good strategy" for future legislation (Scott J. Ferrell/Congressional Quarterly)

Women led eight of Washington’s 50 most politically active trade lobby groups, but earned about $600,000 less than their male counterparts. |Female CEOs Earn $600,000 Less Than Male Lobby Peerswww.bloomberg.comWomen led eight of Washington’s 50 most politically active trade lobby groups and earned about $600,000 less than their male counterparts, according to salary data compiled by Bloomberg.

The White House has resisted rising calls for the U.S. to send weapons to the rebels and use air power to deny Assad the use of his warplanes and helicopters. | (Photo: Esa Alexander/The Times/Gallo Images via Getty Images)

Google shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps. | (Photo: David Paul Morris/Bloomberg)

Jobless claims jumped by 32,000 to 360,000 in the week ended May 11, exceeding all forecasts in a Bloomberg survey of economists and the most since the end of March. |Claims in U.S. Jump to Highest Level in Six Weekswww.bloomberg.comMore Americans than projected filed applications for unemployment benefits last week, which may raise concern the slowdown in economic growth is prompting an increase in firings.

BREAKING: U.S. initial jobless claims rise 32,000 to 360,000.

BREAKING: Berkshire Hathaway cut from AA to AA+ by S&P.

Even supporters are questioning whether the Obama Administration abused the offices of government for political gain. | (Photo: Andrew Harrer/Bloomberg)

BREAKING: The acting commissioner of the IRS has resigned.

The Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit. | (Photo: Andrew Harrer/Bloomberg)

Google introduced subscription music streaming and overhauled its mapping service at a developer meeting today, seeking to attract most users and advertisers. Will it make you ditch Spotify? |

The IRS, under pressure after admitting it targeted anti-tax Tea Party groups for scrutiny in recent years, also had its eye on Democratic-leaning organizations seeking nonprofit status. | (Photo: Win McNamee/Getty Images)

The Pentagon risks exposing itself to hackers by opening its communications networks to Apple and Samsung smartphones and tablets, according to cybersecurity officials. | (Photo: Victor J. Blue/Bloomberg)

Harvard on a discount? Professors across the U.S. are criticizing a rush to offer free online college courses, challenging a movement designed to spread knowledge and reduce higher-education costs. | (Photo: Michael Fein/Bloomberg)

Are rules against the use of "gadgets" like iPhones or tablet computers on planes useless? Lawmakers say yes, but pilots tell a different story. | (Photo: Joshua Roberts/Bloomberg)

Allies of President Obama are warning the administration that it has been too slow in responding to a cascading set of scandals and risks letting Republicans define his second term and derail his agenda. | (Photo: Jewel Samad/AFP via Getty Images)

The Pentagon is ordering furloughs of 680,000 civilian workers in an effort to save $1.8 billion of the $37 billion in spending cuts it must make this year. | (Photo: Daniel Acker/Bloomberg)

Google plans to start a subscription music-streaming service as soon as this week that would compete with Spotify. | (Photo: David Paul Morris/Bloomberg)

HSBC, Europe’s largest bank, will eliminate as many as 14,000 more jobs as CEO Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability. | (Photo: Jerome Favre/Bloomberg)

A surge in demand for gold ornaments and coins after the biggest slump in prices in three decades is poised to boost profit at India’s largest manufacturer and exporter of jewelry. | (Photo: Dhiraj Singh/Bloomberg)

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy. |500 Rallies to Record on Increased Economic Optimismwww.bloomberg.comU.S. stocks rose, sending the Standard & Poor’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.

BREAKING: Wal-Mart to raise inspection standards on factories in Bangladesh after a factory collapse there killed over 1,100 people. | (Photo: Daniel Acker/Bloomberg)

Media groups say the U.S. Justice Department interfered with press freedom when it secretly collected telephone records from reporters and editors over a two-month period last year. | (Photo: Ben Hider/Getty Images)

States should lower the definition of drunken driving to a blood-alcohol reading of no more than .05 percent, the National Transportation Safety Board recommended today. Is the U.S. too tolerant of drunk driving? | (Photo: Mark Wilson/Getty Images)

Almost five years after Lehman Brothers filed for bankruptcy and set off the global financial crisis, managers of the bank’s estate are demanding millions of dollars from retirement homes, colleges and hospitals. | (Photo: Tomohiro Ohsumi/Bloomberg)

Are Biemers the new bitcoin? People are buying more BMWs, Jaguars and other luxury cars as a store of value as inflation decimates deposits and pummels bonds. | (Photo: Victor R. Caivano/AP Photo)

A Ferrari that competed in the 1953 Le Mans 24-hour race and another that John Lennon bought just after passing his driving test are coming up for auction as prices rise for classic models. | (Photo: Bonhams via Bloomberg)

The Pentagon will impose furloughs on as many as 650,000 civilian employees in response to the U.S. budget cuts known as sequestration, according to a defense official. | (Photo: Rich Clement/Bloomberg)

Angelina Jolie, the highest-paid actress in Hollywood, said she had a double mastectomy to prevent breast cancer, the disease that killed her mother at age 56. | (Photo: Stephen Hilger/Bloomberg)

President Obama called it “outrageous” for the IRS to target groups promoting limited government for special attention. | (Photo: Bill Clark/CQ Roll Call/Getty Images)

Kermit Gosnell, the physician accused of turning a Philadelphia abortion clinic into a horror house of fetal remains, was convicted of killing three babies allegedly born alive during illegal third-trimester procedures. |Abortion Doctor Convicted of Killing Babieswww.bloomberg.comKermit Gosnell, the physician accused of turning a Philadelphia abortion clinic into a horror house of fetal remains, was convicted of killing three babies allegedly born alive during illegal third-trimester procedures. He was acquitted in the death of a fourth child.

It's a long road home for billions of dollars of military equipment stuck in Afghanistan. |

Apple and Google have been asked by the New York attorney general to take steps to deter thefts of iPhones and other handheld devices and eliminate a black market for the products. | Photo: New York City Police said Apple product thefts increased 40% last year (David Paul Morris/Bloomberg)

26 states have elected to leave setting up insurance exchanges to the federal government, leaving millions at risk of slowed access to health care. |