Gen X: The economy s struggling middle child?

So, Gen X's necessity spending may be under pressure from covering the rising costs of increasingly older dependents. Additionally, the BAMLI study found that Gen X respondents …

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Gen X: The Economy’s Struggling Middle Child?

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Bank of America internal card data shows that Gen X discretionary spending has been particularly weak compared to that of other generations, down 2% year over year in August 2024. This is …

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Bank Of America: Gen X Investing 40% Than Other Generations

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Oct 5, 2024 · Gen X was supposed to be the economy’s safety net—now they’re the ‘struggling middle child’ balancing retirement and paying for adult children BY Eleanor Pringle

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Gen X: Middle Age Generation Is Struggling Financially - Business …

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Dec 25, 2023 · That's not to say that Gen X is completely struggling: On average, they make $108,615 post taxes, according to the Bureau of Labor Statistics' Consumer Expenditure …

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All Generations Are Financially 'Traumatized' But Gen X — …

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Mar 6, 2024 · Generation X, the cohort born between the early 1960s and late 1970s, leads in experiencing financial trauma, with 74% reporting challenges, closely followed by millennials at …

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'No Matter How Much We've Saved, We're Not Going To Be Able …

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Feb 20, 2024 · According to the Schroders 2023 U.S. Retirement Survey, a substantial wealth gap exists within this generation.On average, Gen X workers believe they need over $1.1 million …

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It’s Not Gen Z This Time. Gen Xers Are Working The Most ... - Fortune

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Oct 23, 2024 · The middle-child generation carries a fair bit of debt. At $33,859, Gen Xers have the highest median non-mortgage debt across the 100 largest cities, finds LendingTree . …

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FAQs about Gen X: The economy s struggling middle child? Coupon?

Is Gen X America's forgotten middle child?

The percentage may shock you. This revelation might come as a surprise, as Gen X is often characterized as the "latchkey kids" or " America's forgotten middle child ," sandwiched between two larger cohorts. Yet, as they settle into their peak earning years, Gen Xers demonstrate significant financial success. ...

How much does Gen X make a year?

For context, the generation makes up around 20% of the US population, and about a quarter of eligible voters, per a Brookings analysis. That's not to say that Gen X is completely struggling: On average, they make $108,615 post taxes, according to the Bureau of Labor Statistics' Consumer Expenditure Surveys. ...

How did the Great Recession affect Gen X homeowners?

Housing is a key way to build wealth, and Gen X homeowners suffered the most in home equity during the Great Recession, according to a Pew analysis of Fed data. But while the generation was disproportionately impacted, their wealth rebounded more than other generations as the economy recovered. ...

Are Gen Xers struggling with debt?

In that sense, they might be struggling with something that their slightly younger counterparts — elder millennials — are also grappling with: They're stuck in lifestyles they can't afford. Much like millennials, Gen Xers saw their already-growing debt plateau and then pick-up in the wake of the Great Recession. ...

How does inherited financial trauma affect Generation X?

This invisible inheritance, encompassing views and the handling of money, silently influences financial decisions. Among all generations grappling with inherited financial perspectives, Generation X, the latchkey generation, stands out as profoundly impacted by this legacy of financial trauma. ...