“Many members of Generation X, who are now in their 40s and 50s, were hit harder by the Great Recession. They are still catching up financially. This so-called Sandwich Generation also faces challenges in getting ahead financially, while caring for their parents and children.”
Generation Xers, whose retirement funds are lagging, can still catch up, according to an article from CNBC, “What Generation X Needs to focus on to retire successfully.” However, they will need a reality check, if they expect to make any significant inroads.
Members of Generation X, who were born between 1965–1978, are now entering their middle years and are more likely than boomers or millennials to feel that they may never recover.
At the same time, that they are getting their careers in order, they are busy caring for aging parents and saving for their kid’s college funds. No wonder they’re behind on retirement savings.
A survey from money manager Personal Capital found that more than 34% of Gen Xers have no retirement savings set aside at all.
As the youngest turn 40 and the oldest now in their early 50s, they do have time to catch up. However, they need to act decisively and act now. There’s no time for waffling.
Start by figuring out your current financial status. What’s your net worth and how much do you spend on a regular basis? List your assets and debts, then figure out how much money is coming into the household and how much is going out. You most likely will need to make some changes.
Define your retirement goals. It’s much easier to reach goals, if you know what they are. Do you need $1 million to retire and continue your current lifestyle? You may need to consider shrinking your spending, extend your working years or shift your retirement expectations.
One hard choice ahead? It’s possible you may need to limit how much of your children’s college costs you can carry. You and your children can take out loans to pay for college. However, you’ll be hard pressed to find many loans for retirement.
Reference: CNBC (July 9, 2018) “What Generation X Needs to focus on to retire successfully,”
X世代可以成功退休，但他們有工作要做
“許多現在40多歲和50多歲的X世代受到了大蕭條的巨大打擊。他們仍然在追趕上經濟。這個所謂的三明治一代在面對財務方面的挑戰，同時要照顧父母和孩子。“
根據CNBC的一篇文章，其退休基金滯後的X一代仍然可以趕上，“What Generation X Needs to focus on to retire successfully,” (X一代需要專注於成功退休) 但是，如果他們希望取得任何重大進展，他們將需要進行現實檢查。
X一代的成員，出生於1965年至1978年之間，現在正進入他們的中年，並且比嬰兒潮一代或千禧年一代更有可能感到他們可能永遠無法獲得財產自由。
與此同時，他們正在為自己的職業生涯做好準備，他們正在忙著照顧年邁的父母並為孩子的大學經費儲蓄。難怪他們會落後於退休儲蓄。
Personal Capital的資金經理在一項調查發現，超過34％的X一代根本沒有退休儲蓄。
作為最年輕的40歲和現在50歲出頭的人，他們確實還有時間趕上。但是，他們需要採取果斷行動並立即採取行動。因為沒有時間給他們荒廢了。
首先要弄清楚你目前的財務狀況。你有多少資產，而且你經常花多少錢？列出你的資產和債務，然後計算出家庭有多少錢進和多少錢出。您很可能需要進行一些更改。
確定退休目標。如果您知道它們是什麼，那麼實現目標就更容易。您需要100萬美元退休並繼續目前的生活方式嗎？您可能需要考慮縮減支出，延長工作年限或改變退休日期。
未來一個艱難的選擇？您可能需要考慮對孩子的大學費用作出上限。你和你的孩子可以拿出貸款來支付大學費用。但是，你很難找到很多退休貸款。
參考: CNBC (July 9, 2018) “What Generation X Needs to focus on to retire successfully,”
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