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All The Ways Gen X Is Financially Wrecked......Reality bites.

 
HO LEE FUKK

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02/11/2019 07:25 PM

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All The Ways Gen X Is Financially Wrecked......Reality bites.
[link to www.zerohedge.com (secure)]

Though they’re struggling financially, they’re far less likely than millennials to plan to spend less and save more this year...

Reality bites.

While millennials garner much of the negative press around financial issues - they live with their parents because they can’t get jobs! They spend all their money on avocado toast! - Gen Xers may be the ones who are really in trouble.

Just 16% of Gen Xers say that they included financial planning in their 2019 goals, according to a recent survey from Allianz Life. That’s compared with 27% of millennials. And when asked what 2019 resolution they were most likely to make, and to keep, just 38% mentioned managing money better and saving more; meanwhile 50% of millennials said that.

That lack of planning and goal-keeping could make a bad situation worse — as Gen X may already be financially worse off than other generations in a number of ways.

They’ve got the most credit card debt of anyone — yet still spend more than anyone on non-essentials. Members of Gen X have higher levels of credit card debt — which tends to carry a higher interest rate than most other debt — than other generations. Indeed, credit card debt levels peak between the ages of 45-54 at $9,096, with the second highest levels of debt being or those who are 35-44 at $8,235. Meanwhile, the under 35 set has just $5,808.
brighteyes

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02/11/2019 07:30 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
op you are deep in debt too. gov says you owe 67k...you and every other citizen. national debt as of today, we never will be free & clear of it.
Lady Jane SmithModerator
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02/11/2019 07:33 PM

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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen Xers who were not prepared, and obsessed with the "Joneses" got royally wrecked by the 2008 meltdown.

Lesson I hope my fellow Gen Xers learned: Don't give a fuck what others think. Live below your means.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ:
Independent, original, analytical, and determined. Have an exceptional ability to turn theories into solid plans of action. Highly value knowledge, competence, and structure. Driven to derive meaning from their visions. Long-range thinkers. Have very high standards for their performance, and the performance of others. Natural leaders, but will follow if they trust existing leaders.

Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Follow. But! Follow only if ye be men of valor! For the entrance to this cave is guarded by a creature so foul, so cruel, that no man yet has fought with it... and lived! BONES of full fifty men lie *strewn* about its lair! So! Brave knights! If you do doubt your courage or your strength, come no further, for death awaits you all with nasty, big, pointy teeth...

Killer Bunny
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02/11/2019 07:44 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen x here

No credit cards


I spend the extra money i save on hot pockets
Anonymous Coward
User ID: 49235022
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02/11/2019 07:51 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Put them to work rounding up and disposing illegals.
Its a win, win.
HO LEE FUKK  (OP)

User ID: 73840700
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02/11/2019 07:59 PM

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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen x here

No credit cards


I spend the extra money i save on hot pockets
 Quoting: Anonymous Coward 77359915


epiclol
Anonymous Coward
User ID: 76604722
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02/11/2019 08:01 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Pay never went up as they hit the job market.
Endless wars no investing in America.

Charged a fortune for schooling that their parents received for free.
Purposely created indentured class for our seniors.
Anonymous Coward
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02/11/2019 08:01 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen x here

No credit cards


I spend the extra money i save on hot pockets
 Quoting: Anonymous Coward 77359915


i thought your mom preferred to cook mini pizzas.
SyncAsFunk

User ID: 16340203
United States
02/11/2019 08:08 PM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Soon, all Gens are gonna feel the sting of the Simple Math.

[link to www.usdebtclock.org]

Reality will certainly bite those whose heads are riddled with self delusional cognitive dissonance.

Last Edited by SyncAsFunk on 02/11/2019 08:16 PM
Some Will. Some won't. So.......
HO LEE FUKK  (OP)

User ID: 73840700
United States
02/11/2019 08:29 PM

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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen x here

No credit cards


I spend the extra money i save on hot pockets
 Quoting: Anonymous Coward 77359915


i thought your mom preferred to cook mini pizzas.
 Quoting: Anonymous Coward 29820924


epiclol
Anonymous Coward
User ID: 77359915
United States
02/12/2019 12:41 AM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen x here

No credit cards


I spend the extra money i save on hot pockets
 Quoting: Anonymous Coward 77359915


i thought your mom preferred to cook mini pizzas.
 Quoting: Anonymous Coward 29820924


Cosco dont sell the minis in bulk

Its tough on a pimp, yo
Anonymous Coward
User ID: 75926669
United States
02/12/2019 01:47 AM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Gen Xers who were not prepared, and obsessed with the "Joneses" got royally wrecked by the 2008 meltdown.

Lesson I hope my fellow Gen Xers learned: Don't give a fuck what others think. Live below your means.
 Quoting: Lady Jane Smith


bump
Miss Bunny Swan

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02/12/2019 01:54 AM

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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
Pay never went up as they hit the job market.
Endless wars no investing in America.

Charged a fortune for schooling that their parents received for free.
Purposely created indentured class for our seniors.
 Quoting: Anonymous Coward 76604722


This

At least we have spines
Anonymous Coward
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United States
02/12/2019 02:07 AM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
I'm a retired gen Xer....Lived my working days like there was no SSI....retired at 50....no debts of any kind....
SyncAsFunk

User ID: 16340203
United States
02/12/2019 02:26 AM
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Re: All The Ways Gen X Is Financially Wrecked......Reality bites.
I'm a retired gen Xer....Lived my working days like there was no SSI....retired at 50....no debts of any kind....
 Quoting: Anonymous Coward 77315315


If you can still exist as if 'they' never existed.

frostybeer

Last Edited by SyncAsFunk on 02/12/2019 02:26 AM
Some Will. Some won't. So.......