Spanked on Retirement, Gen X Still Doesn't Get It
"I'm a Gen Xer. None of my siblings or friends save a dime."
As PwC's report points out, those who came to parenthood in the past two decades are not only putting their kids through college but supporting them afterward, as the recession has left many of them unemployed. Meanwhile, their own parents are living longer but needing more care.
They are, in a word, strapped. Half of Gen Xers have difficulty meeting their expenses each month, compared to less than a third of Boomers and Millennials. Some 58 percent carry balances on their credit cards, 16 percentage points higher than Boomers.
As PwC's report points out, those who came to parenthood in the past two decades are not only putting their kids through college but supporting them afterward, as the recession has left many of them unemployed. Meanwhile, their own parents are living longer but needing more care.
They are, in a word, strapped. Half of Gen Xers have difficulty meeting their expenses each month, compared to less than a third of Boomers and Millennials. Some 58 percent carry balances on their credit cards, 16 percentage points higher than Boomers.
Don't worry Obama will make it all better............
![$avatar41494_6.gif $avatar41494_6.gif](https://www.usmessageboard.com/data/attachments/19/19325-1e61436effe01f3f0c3e6ba9f6565cf1.jpg)
"I'm a Gen Xer. None of my siblings or friends save a dime."
As PwC's report points out, those who came to parenthood in the past two decades are not only putting their kids through college but supporting them afterward, as the recession has left many of them unemployed. Meanwhile, their own parents are living longer but needing more care.
They are, in a word, strapped. Half of Gen Xers have difficulty meeting their expenses each month, compared to less than a third of Boomers and Millennials. Some 58 percent carry balances on their credit cards, 16 percentage points higher than Boomers.
As PwC's report points out, those who came to parenthood in the past two decades are not only putting their kids through college but supporting them afterward, as the recession has left many of them unemployed. Meanwhile, their own parents are living longer but needing more care.
They are, in a word, strapped. Half of Gen Xers have difficulty meeting their expenses each month, compared to less than a third of Boomers and Millennials. Some 58 percent carry balances on their credit cards, 16 percentage points higher than Boomers.
Don't worry Obama will make it all better............
![$avatar41494_6.gif $avatar41494_6.gif](https://www.usmessageboard.com/data/attachments/19/19325-1e61436effe01f3f0c3e6ba9f6565cf1.jpg)
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