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For many, the road to retirement is paved with uncertainties. This is particularly true for Generations X and Y. Caught between the Boomer behemoth and the enigmatic Zoomers — these generations face unique challenges. In contrast to their predecessors who rode the wave of economic prosperity, Gen X and Y encounter choppy waters: stagnant wages, rising healthcare costs, and unstable job markets. This blog post, however, delves into the specific challenges these generations face and offers practical strategies for navigating toward financial security. The Generation X SandwichAs a generation bor...
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Gen Z may find it difficult to think about retirement planning, saving, and investing. And, for good reason. Stock markets, especially the S&P 500, have been in turmoil as young workers begin their careers. A recession is also on the horizon. It has also been difficult for wages to keep up with inflation. What’s more, increasing credit card debt and interest rates are contributing to the problem. The cost of housing has also risen. And, the retirement savings gap has grown even larger. Despite these challenges, a financial health check-up would be a good idea for Gen Z at the beginning of the ...
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