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Also see how Gen X can avoid a retirement crisis.
However, coming of age during tougher economic times has made Gen X more strategic shoppers.
Theyre careful with their money, always looking for the best deals and comparing prices, he said.
They focus on getting good value rather than just sticking with familiar brands.
Its a personal topic for him, since he is a Gen Xer himself, with boomer relatives.
We are like rulers of the 401(k) and IRA world.
They thought things would just somehow be OK, he said.
My dad, for example, always looked sure that when he retires there will be enough money.
He didnt worry much about saving and liked to spend what he earned as it came in.
He said baby boomers generally venture to avoid debt and focus on saving for retirement.
They are more likely to invest in equities, real estate andeven alternative investmentslike cryptocurrencies, Shirshikov said.
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