Gen Xers have less wealth and six times more debt than their parents did at the same age Washington, DC (PRWEB) September 18, 2014 — — The Pew Charitable Trusts released a report today finding that members of Generation X lag behind their parents in wealth accumulation, a key indicator of financial security and especially […]
Part 1: Generations in Pursuit of the American Dream
Yesterday, Forbes launched a seven-part series with Neil Howe, Generations In Pursuit of the American Dream. Check out Are You Born To Be Better Off Than Your Parents? Howe is the author of numerous books about generations including the Fourth Turning. Excerpt: This graph reveals that today’s younger generations really do face a troubled future. […]
Generation X: Prepare For A Frugal Retirement
Hamilton Nolan of Gawker is so funny. And, occasionally cruel if you’re a member of Generation Y. He wrote a hilarious (and depressing) piece yesterday on the grim prospects of the Generation X retirement: Generation X,” the Poor Old People of the Future, Will Never Retire. It was inspired by a Jeanna Smialek’s piece in […]
Wipe Out: Gen X Net Worth Drops 40 Percent
Between 2001 and 2010, the median wealth for Generation X dropped 44 percent from $95,100 to $42,100. Source: Federal Reserve Bulletin, June 2012 You can’t make this stuff up, friends. It also seems worth noting that between 2001 and 2010, inflation increased more than 23 percent. The financial news for my generation is grim. (It’s […]
Generation X retirement is a doomsday of flattened wages, vanishing pensions and inflated mortgages
I had some victory that was just failure in deceit Now the joke’s comin’ up through the soles of my feet —From Springsteen and Lucky Town The Philadelphia Inquirer has published an editorial by Maria Panaritis about the grim odds of Generation X making it through retirement without going broke. The facts are sobering. Most […]
Financial Ward of the Chinese
Generation X has a new name and it’s not pretty: Financial Ward of the Chinese. Ouch. photo by kennymatic via flickr Over the years, I’ve heard every possible less-than-glowing term used to describe Generation X. That is, until today, when I read an article by Dale McFeatters distributed by Scripps Howard News Service. McFeatters […]