Gen X: The Sandwich Generation's Financial Struggle

Generation X, born between 1965 and 1980, is reducing spending due to stagnant wages and increased financial responsibilities, such as childrens education and elderly parents care. This shift is impacting the U.S. economy, as Gen X was once a significant consumer group. Now, the focus is on Generation Z. Gen Xers are cutting back on non-essential expenses, leading to increased stress and retirement concerns. Many are taking on debt for education and housing, and some plan to take Social Security early. This complex financial situation underscores the need for careful planning.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.