Dear Sully, Once upon a time, there was a famous blogger named Dooce who wrote a letter to her daughter every month for the first five years of her life. Eventually, the letters were turned into a book, which made the already rich and famous blogger even more rich and famous. I thought the letter […]
A Nameless, Unlucky Generation
I came across an infographic recently that highlighted food culture statistics for Baby Boomers and Millennials. Much to my surprise — or not — there was zero mention of Generation X. Maybe the food industry doesn’t think we eat. I’ve been documenting silly slight like this for nearly a decade including contradictions in population and […]
Gen-X Retirement Concerns + A New Book: The Totally Sweet 90s (The Latest Gen-X News)
Gen Xers Worry About Running Out of Money In Retirement So, here’s a news release I received today about the latest study outlining the miserable state of affairs for Generation X. This one comes from PwC and reveals that Generation X employees are struggling the most financially, and are most likely to dip into retirement […]
10 Ways Gen-Xers Were Hardest Hit By The Great Recession
Housing Crisis During the Great Recession, we cashed in my part of our retirement savings to replace a collapsed sewer line. It was either that or live with sewage in our basement. As you can see, the choice easy. The repair cost us $13,000 in savings. That includes the penalties and taxes early withdrawal cost […]
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 […]
Housing Crisis Erodes Net Worth of Generation X
Asking only workman’s wages I come looking for a job But I get no offers, Just a come-on from the whores on Seventh Avenue… –From Simon and Garfunkel and The Boxer NPR’s senior business editor, Marilyn Geewax reported over the weekend that the housing slump may permanently reduce net wealth for an entire generation: Generation […]
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 […]