Why Gen X is so bummed about money right now
Summary
Generation X, comprising individuals aged 44 to 59, is facing significant financial challenges. Despite having the highest average income among generations, they also carry the most substantial debt, averaging $157,556. A Philadelphia Federal Reserve survey reveals that as of October 2024, 25% of Gen Xers are missing payments on debts or monthly bills, and over 50% have reduced discretionary spending. Approximately 30% are cutting back on essential expenses. Many are taking on additional jobs to cope financially. This generation often supports children and aging parents, intensifying their financial strain.
Business Insider
Read the Full Article
The dedicated team at Newsletter Station has provided this summary for your convenience.
Unlock the Power of Email Marketing
Harness the potential of email marketing with Newsletter Station. Reach your target audience, drive conversions, and achieve your business goals.
|
|
|
