Kerry Hannon

But in fact, the financial crisis in 08, they bounced back faster than any other generation in terms of lost savings during that time.

So I think we need to say, hey, you know, you got this, but let's get started.

Let's find out how you take advantage of that runway ahead of you.

Yeah, I find that it is quite concerning.

And the point is, I'm so glad you brought up, you know, this cop between kids and caring for aging parents.

But there's this thing called student loan debt.

And Gen Xers have a lot of it.

And they have more than most other generations.

Some of it's their own student loan debt.

Some is their children's student loan debt.

They also have...

If you think back, this was the time when credit cards were just coming on the scene when they started in their working careers.

Gen Xers got very adept with using credit cards in order to pay for things.

It became a way of learning how to do this.

And so I think what happened is over the years, it didn't matter how much income you made.

Have another credit card.

So they've run up pretty exorbitant amounts of credit card debt.

And this is something that has got to be tackled.

But it truly makes it difficult when you have that revolving credit card debt to pay off and you have to decide, am I saving for retirement or am I paying off this high interest credit card?

Chances are you're going to go for that credit card.