1. Why Gen Xers Are Feeling the ‘Financial Squeeze’ — and What To Do About It

    Why Gen Xers Are Feeling the ‘Financial Squeeze’ — and What To Do About It

     Americans who are part of Generation X — ages 39 to 54 — should be focused on saving for their retirement. However, a recent survey conducted by Schwab Retirement Plan Services found that many people in this generation are behind on retirement savings while juggling debt payments and other living expenses. By understanding why they’re struggling to save for retirement, Gen X can get back on track to reach their retirement goals .

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    1. Generally speaking, borrowing from a 401(k) should be a last resort because there can be long-term financial consequences in doing so.
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