CA, US & World

Gen X Faces Financial Strain as "Sandwich Generation" Balances Caring for Kids and Aging Parents

Name: Gen X Faces Financial Strain as "Sandwich Generation" Balances Caring for Kids and Aging Parents
Uploaded: 2024-10-01T17:00:00-07:00
Channel: NBC Palm Springs
Description: Generation X, also known as the "Sandwich Generation," is feeling the squeeze between caring for their children and aging parents. According to Bank of America, their discretionary spending dropped by 2% year-over-year, with many focusing on saving for retirement. Gen X accounts for over a third of U.S. consumer spending, making them a key contributor to the economy.

By: NBC Palm Springs

October 1, 2024

Generation X financial strainsandwich generationGen X consumer spendingBank of America reportGen X savingsretirement planningmiddle child generationMichael Yoshida

Link Copied To Clipboard!

More Headlines>>>