4 Reasons 1 in 3 Gen Xers Have Extreme Financial Stress

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In addition to their caregiving duties, theyre trying to survive highinflationand plan forretirementat the same time.

GOBankingRates explored some of thefinancial reasons Gen Xers are feeling more stressed than others.

Of all the generations surveyed, Gen Xers reported the most stress around their savings.

Another area of concern for Gen Xers is their retirement savings and planning.

According to a 2024 GOBankingRates survey on retirement, Gen Xers arent facing an easy retirement.

A recent report by theNational Association of Realtorsrevealed that 54% Gen Xers were first-time homebuyers in 2023.

And Gen Xers have taken longer to enter their higher-earning years than millennials.

Depending on where Gen Xers live, too, they may be having more or less housing related stress.

Gen Xers who live in California, for example, havean average monthly mortgage costof $4,347.

Whereas, Gen Xers who live in Mississippi have an average monthly mortgage cost of just under $1,000.

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Debt also looms heavily over Gen Xers heads.

Its no wonder Gen Xers are feeling the financial pressure.