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However, the generation has been reported to have little to nosavings for retirementor otherwise.
Heres what they had to say about what Gen X can do toreverse their fortunes.
How are you supposed to save money when you spend 10 years with a nearly unchanged salary?
And at the same time, companies have been moving from a purchase-based model to subscription-based everything.
But all in all, this is not a generational thing.
I used to work fairly closely with CEOs that were close to me in age.
They had no problems with saving.
And I knewbaby boomer IT guysthat couldnt afford to retire.
Reddit user Lobotomists talked about long-term illnesss impact on savings and lack of future work opportunities.
But then I got sick and had to spend all just to survive.
Now I really dont know what I will do for retirement.
But that is not the worst.
She noted its never too late to start.
How much you should be saving ultimately depends on your personal goals, financial situation and priorities.
Avoid Get-Rich-Quick Schemes
Some Gen Xers fall into get-rich-quick schemes, expecting easy returns, Schlesinger said.
But fast and sure rarely go together, and wise planning beats quick fixes.
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