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Unlike boomers with pensions or millennials with time to build wealth, theyre caught in the middle.
To uncover theirbiggest money mistakes and how to avoid them, we asked financial experts for their insights.
Heres what they had to say.
Thats a dangerous assumption according to Fei Chen, founder and CEO ofIntellectia AI.
With increased life expectancy, they stand to outlive their money, he said.
Investing in diversified assets like index funds can help build long-term wealth.
Between mortgages, student loans and credit cards, Gen X often struggles to balance debt and savings.
Gen X can free up cash flow for savings by tackling high-interest debt first.
Refinancing loans andresisting lifestyle inflationcan also improve financial stability.
Gen X can avoid this trap by prioritizing their retirement savings first.
Ensuring financial security now can prevent becoming a burden on their children later.
One of the biggest mistakes Gen Xers continue to make is not getting an estate plan in place early.
A clear estate plan ensures their wishes are carried out and prevents unnecessary legal and financial stress.
Johnson also cautions that being too conservative with investments can be as risky as being too aggressive.
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