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Why Generation X's financial problems are overlooked
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Why Generation X's financial problems are overlooked

You may have heard about the financial struggles of Generation Z a few times. But what about her parents?

It turns out that Generation X has its own problems when it comes to money. While they may not get as much coverage as Generation Z or Millennials, Generation X faces some pretty big challenges. These issues can impact the present and the future.

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Here's a look at some of them and why their financial problems are overlooked.

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A survey by Deputy of more than 1,000 hourly workers from across the United States revealed the struggles of different generations.

During the generation

The survey found that 81% of members of the generation. This is higher than Generation Z (75%), Millennials (73%) and 71% of Baby Boomers.

It's just one of the financial problems affecting this generation.

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So what’s causing Generation X’s problems? As you might have guessed, this involves a number of things, including supporting their Gen Z children.

“At the same time, they are also shouldering the costs of caring for their elderly parents, potentially covering a higher price tag as they struggle with the nationwide shortage of affordable care,” Fortune said.

“As they reached their highest earning potential, many of them found themselves squeezed by factors such as dual caregiving responsibilities, gray divorces and rising health care costs…leaving Generation Xers little time to focus on themselves.”

Caregiving responsibilities may at least partially explain why it sometimes seems like Generation X is the forgotten generation, especially when it comes to financial difficulties.

They are busy taking care of their children and their own parents while dealing with inflation and rising costs, so they may not have time to take care of themselves and their financial situation. It also goes beyond money.

“A key issue in the generational sandwich juggle is prioritizing yourself and your financial care while holding on to your value system to provide for your loved ones,” CNBC reported.

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